Core Canadian Dividend Trust Announces Year End Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/27/13 -- Core Canadian Dividend Trust (TSX: CDD.UN) (the "Fund") announces results of operations for the year ended December 31, 2012. Net increase in net assets from operations amounted to $0.5 million or $0.30 per unit. Net assets were $8.9 million or $6.79 per unit, net of distributions to unitholders in the amount of $0.7 million or $0.44 per unit.
The Fund's investment objectives are (i) to provide unitholders of the Fund with monthly distributions targeted to be 6.5% per annum of the net asset value ("NAV") of the Fund; and (ii) to preserve and grow the NAV. The Fund invests in a blue-chip portfolio consisting of 15 high quality, large capitalization and dividend paying Canadian companies across multiple industry sectors that have an excellent long-term track record of dividend growth and share price appreciation.
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. The Fund's units are listed on Toronto Stock Exchange under the symbol CDD.UN.
Contacts:
Strathbridge Asset Management Inc.
Investor Relations
416.681.3966 or toll free at 1.800.725.7172
Strathbridge Asset Management Inc.
Aaron Ho
Vice-President, Finance
416.681.3966 or toll free at 1.800.725.7172
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Datum: 27.03.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 243602
Anzahl Zeichen: 1813
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Investment Opinion
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