Premier Canadian Income Fund Announces Year End Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/27/13 -- Premier Canadian Income Fund (the "Fund") (TSX: PCU.UN) announces results of operations for the year ended December 31, 2012. Net decrease in net assets from operations amounted to $(0.4) million or $(0.15) per unit. Net assets were $7.2 million or $3.22 per unit, net of distributions to unitholders in the amount of $0.6 million or $0.22 per unit.
The Fund's investment objectives are (a) to maximize total returns for unitholders including both long-term appreciation in net asset value ("NAV") per unit and distributions; and (b) to pay unitholders monthly tax efficient distributions in an amount targeted to be 6.5% per annum on the NAV of the Fund. The Fund invests in a portfolio principally consisting of common shares selected from the Energy, Financial and Materials sectors of the S&P/TSX 60 Index. In addition, the Fund may invest up to 20% of its net assets in equity securities of other issuers selected from the S&P/TSX Composite Index.
The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting ("SSO"), to enhance the income generated by the Portfolio and to reduce volatility. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.
The Fund's investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. Fund units are listed on Toronto Stock Exchange under the symbol PCU.UN.
For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit .
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Contacts:
Strathbridge Asset Management Inc.
Aaron Ho
Vice-President, Finance
416.681.3966 or 1.800.725.7172
Strathbridge Asset Management Inc.
121 King Street West, Suite 2600
Toronto, Ontario, M5H 3T9
416.681.3966 or 1.800.725.7172
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Datum: 27.03.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 243600
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TORONTO, ONTARIO
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Investment Services & Trading
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