Anchor Managed Dividend Growth Fund Declares Quarterly Distributions

TORONTO, June 17, 2014 /CNW/ - The Board of Directors of Scotia Managed Companies Administration Inc. in its capacity as Trustee of Anchor Managed Dividend Growth Fund (the "Fund") has declared cash distributions of $0.05 per Class A Unit, Verus Class A Unit, Class F Unit and Verus Class F Unit payable on June 30, 2014 to holders of record at the close of business on June 27, 2014.

The Fund was created to generate stable quarterly cash distributions and potential for consistent, long term capital appreciation. The Fund invests primarily in a portfolio of high dividend-yielding equities of large TSX listed Canadian companies and REITs and at certain times, may invest in Canadian preferred shares and debt securities. The investment portfolio may change due to ongoing portfolio transactions of the Fund.

SOURCE Anchor Managed Dividend Growth Fund

For further information:

Investor Relations
Scotia Managed Companies Administration Inc.,
Trustee of Anchor Managed Dividend Growth Fund
Tel: (416) 945-5255
Email: mc.anchorfunds@scotiabank.com
Web site: www.scotiamanagedcompanies.com