TSX Symbol: HYB.UN
TORONTO, Dec. 5, 2013 /CNW/ - DDJ High Yield Fund (the "Fund") intends to purchase for cancellation up
to 303,203 of its Trust Units by way of a normal course issuer bid
through the facilities of The Toronto Stock Exchange. The 303,203
Trust Units represent 10% of the public float of the Fund being
3,032,029 Trust Units as at November 30, 2013. The number of issued
and outstanding Trust Units as at November 30, 2013 was 3,032,029. The
Fund will not purchase in any given 30 day period, in the aggregate
more than 60,641 Trust Units, being 2% of the issued and outstanding
Trust Units as at November 30, 2013.
The purchases may commence on December 9, 2013 and will terminate on
December 8, 2014, or on such earlier date as the Fund may complete its
purchases pursuant to a notice of intention filed with The Toronto
Stock Exchange or provide notice of termination. Any such purchases
will be made by the Fund at the prevailing market price at the time of
such purchases in accordance with the requirements of The Toronto Stock
Pursuant to the Amended and Restated Trust Agreement governing the Fund,
the Fund may only repurchase Trust Units at a price which is less than
90% of the most recently determined Net Asset Value per Trust Unit. If
the Trust Units are trading at more than a 10% discount to the Net
Asset Value per Trust Unit, the Manager of the Fund believes that it
would be in the best interests of the Fund and the holders of the Trust
Units to purchase Trust Units in the market.
In the last 12 months under its previous normal course issuer bid, the
Fund purchased 49,700 of its Trust Units at an average weighted price
of $10.52 per Trust Unit.
SOURCE: CI Investments Inc.
For further information:
David C. Pauli
Executive Vice-President and Chief Operating Officer
CI Investments Inc.
Toll Free: 1-800-268-9374