Anchor Managed Defensive Income 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 Defensive Income Fund (the "Fund") has declared cash distributions of $0.03125 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, preserve capital and offer potential for consistent long term capital appreciation. The Fund seeks to generate lower volatility returns by investing a maximum of 50% of the total portfolio in equities with the balance invested in preferred shares and debt securities. The investment portfolio may change due to ongoing portfolio transactions of the Fund.

SOURCE Anchor Managed Defensive Income Fund

For further information:

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