First Asset Closed-End Funds March Distributions
TORONTO, ONTARIO--(Marketwired - March 20, 2014) - First Asset Closed-End Funds announces the following distributions for the month and quarter ending March 31, 2014. In all cases, the distribution will be paid on or before April 15, 2014, to holders of record on March 31, 2014.
Name |
TSX Symbol |
Confirmed Regular Distribution (per unit) |
|
First Asset Yield Opportunity Trust - Series A | FAY.UN | $ | 0.1458 |
First Asset Yield Opportunity Trust - Series B | FAY.U | $ | 0.0440 (USD) |
First Asset Canadian REIT Income Fund | RIT.UN | $ | 0.0500 |
First Asset Pipes & Power Income Fund | EWP.UN | $ | 0.0300 |
Utility Split Trust - Capital Units | UST.UN | $ | 0.0500 |
Utility Split Trust - Preferred Shares | UST.PR.B | $ | 0.1313 |
Triax Diversified High-Yield Trust | TRH.UN | $ | 0.0700 |
First Asset Diversified Convertible Debenture Fund | DCD.UN | $ | 0.3000 |
Preferred Share Investment Trust | PSF.UN | $ | 0.1500(1) |
First Asset CanBanc Split Corp. - Preferred Shares | CBU.PR.A | $ | 0.1625 |
CanBanc Income Corp. | CIC | $ | 0.1750 |
Can-60 Income Corp. | CSY | $ | 0.1625 |
Canadian Advantaged Convertibles Fund | ADC.UN | $ | 0.1500 |
Can-Financials Income Corp. | FIC | $ | 0.1500 |
North American Advantaged Convertibles Fund | NCD.UN | $ | 0.1250 |
CanBanc 8 Income Corp. | CBF | $ | 0.1500 |
First Asset Morningstar U.S. Consumer Defensive Index Fund | UCD.UN | $ | 0.0569 |
First Asset U.S. & Canada LifeCo Income Fund | ULC.UN | $ | 0.1625 |
- With respect to Preferred Share Investment Trust (TSX:PSF.UN), the amount of the quarterly distribution has been lowered to $0.150 per unit (from $0.175 per unit). This reduction reflects the current defensive positioning of the Fund and the desire to conserve cash for the benefit of the Fund's NAV and for deployment into higher yielding opportunities as they are expected to become available. The Manager will continue to assess the amount of the distribution on a quarterly basis having regard to, among other things, the anticipated net cash flows, the net asset value and markets generally. There can be no assurance that the amount will not vary from quarter to quarter, or that the Fund will make any distribution in any particular quarter.
Company Overview
First Asset is an independent Canadian investment management company focused on delivering superior risk-adjusted investment returns to Canadian investors and their investment advisors. Founded in 1996, First Asset is a leading manager of ETFs, mutual funds, and closed end funds in Canada.
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First Asset
Investor Relations
416-642-1289 or 1-877-642-1289
www.firstasset.com
Investor Relations
416-642-1289 or 1-877-642-1289
www.firstasset.com