TORONTO, Dec. 18, 2014 /CNW/ - First Asset
announces the following estimated regular distributions ("Estimated
Regular Distributions") and estimated special distributions (if
any) ("Estimated Special Distributions") for the year ending
December 31, 2014. The final
distribution amounts will be announced shortly after the year-end
and, prior to payment, once each Fund's year-end tax position is
finalized.
Estimated Regular Distributions
The following Estimated Regular Distributions will be paid in
cash on or before January 15, 2015,
to holders of record on December 31,
2014.
|
Name
|
TSX
Symbol
|
Estimated Regular
Distribution (per unit)
|
|
First Asset Yield
Opportunity Trust – Series A
|
FAY.UN
|
$0.1458
|
|
First Asset Yield
Opportunity Trust – Series B
|
FAY.U
|
$0.044
(USD)
|
|
First Asset Canadian
REIT Income Fund
|
RIT.UN
|
$0.05
|
|
First Asset Pipes
& Power Income Fund
|
EWP.UN
|
$0.03
|
|
Utility Split Trust –
Capital Units
|
UST.UN
|
$0.05
|
|
Utility Split Trust –
Preferred Shares
|
UST.PR.B
|
$0.13125
|
|
Triax Diversified
High-Yield Trust
|
TRH.UN
|
$0.07
|
|
First Asset
Diversified Convertible Debenture Fund
|
DCD.UN
|
$0.30
|
|
Preferred Share
Investment Trust
|
PSF.UN
|
$0.15
|
|
First Asset CanBanc
Split Corp. – Preferred Shares
|
CBU.PR.A
|
$0.1625
|
|
CanBanc Income
Corp.
|
CIC
|
$0.175
|
|
Can-60 Income
Corp.
|
CSY
|
$0.1625
|
|
Canadian Advantaged
Convertibles Fund
|
ADC.UN
|
$0.15
|
|
Can-Financials Income
Corp.
|
FIC
|
$0.15
|
|
North American
Advantaged Convertibles Fund
|
NCD.UN
|
$0.125
|
|
CanBanc 8 Income
Corp.
|
CBF
|
$0.15
|
|
First Asset
Morningstar U.S. Consumer Defensive Index Fund
|
UCD.UN
|
$0.0569
|
Estimated Special Distributions
The following Estimated Special Distributions will be paid in
cash and in units. One-quarter will be paid in cash, and the
balance will be paid by the issuance of units of the fund, and
immediately thereafter, the issued and outstanding capital of the
fund will be consolidated such that the number of issued and
outstanding units of the fund does not change. As a result, the net
asset value per unit of the Fund will decrease by an amount equal
to the cash portion of the Estimated Special Distributions. The
cash portion of the Estimated Special Distributions is intended to
cover the maximum tax liability for capital gains for unitholders
in the highest marginal tax bracket (premised on the special
distribution being comprised of capital gains).
For the 2 funds listed below, the Estimated Special
Distributions will be paid (in cash or in securities as described
above) on or before January 15, 2015
to holders of record on December 31,
2014.
|
Name
|
TSX
Symbol
|
Estimated Special
Distribution (per unit)
|
|
|
In
Cash
|
In
Units
|
|
First Asset Canadian
REIT Income Fund
|
RIT.UN
|
$0.025
|
$0.075
|
|
JFT Strategies Fund –
Class A
|
JFS.UN
|
$0.25
|
$0.75
|
|
JFT Strategies Fund –
Class F
|
n/a
|
$0.29
|
$0.86
|
For the fund listed below, the Estimated Special Distribution
will be paid in cash on December 31,
2014 to the Class A Shareholders of record on December 31, 2014.
|
Name
|
TSX
Symbol
|
Estimated Special
Distribution (per unit)
|
|
|
In
Cash
|
|
First Asset CanBanc
Split Corp. – Class A Shares
|
CBU
|
$0.60
|
The actual taxable amounts of all distributions for 2014,
including the tax characteristics of the distributions, will be
reported to brokers (through CDS Clearing and Depository Services
Inc. or "CDS") in early 2015.
First Asset – Smart SolutionsTM
First Asset
is an independent investment firm focused on providing smart, low
cost solutions that address the real-world investment needs of
Canadians - capital appreciation, income generation and risk
mitigation. Rooted in strong fundamentals, First Asset's smart
solutions strive to deliver better risk-adjusted returns than the
broad market while helping investors achieve their personal
financial goals.
This communication is intended for informational purposes only.
Commissions, management fees and expenses all may be associated
with investments funds. Please read the prospectus before
investing. The funds are not guaranteed, their values change
frequently and past performance may not be repeated.
Not for dissemination to U.S. newswire
services or for dissemination to the
United States of America.
SOURCE First Asset