Propel Capital Corporation - Distributions Press Release

TORONTO, Dec. 17, 2013 /CNW/ - Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II, Strategic Income Allocation Fund, North American REIT Income Fund, North American Preferred Share Fund and Senior Secured Floating Rate Loan Fund.

Quarterly Distributions:

For the quarter ending December 31, 2013 the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund and Diversified Alpha Fund II will make the following distributions. These distributions are expected to consist primarily of return of capital.

  Fund TSX
Symbol
Distribution
Amount (per unit)
Record Date Payment Date
Canadian Convertibles Plus Fund CCI.UN $0.15625 December 31, 2013 January 15, 2014
Canadian High Yield Focus Fund CAH.UN $0.19500 December 31, 2013 January 15, 2014
Diversified Alpha Fund II AFT.UN $0.15000 December 31, 2013 January 15, 2014

Monthly Distributions:

For months ending January, February and March 2014, the Strategic Income Allocation Fund, North American REIT Income Fund, North American Preferred Share Fund and Senior Secured Floating Rate Loan Fund will make the following distributions. The Strategic Income Allocation Fund distributions are expected to consist primarily of return of capital.

  Fund TSX
Symbol
Record Date Payment Date Distribution
Amount (per unit)
Strategic Income Allocation Fund SIF.UN December 31, 2013 January 15, 2014 $0.05417
Strategic Income Allocation Fund SIF.UN January 31, 2014 February 14, 2014 $0.05417
Strategic Income Allocation Fund SIF.UN February 28, 2014 March 14, 2014 $0.05417
North American REIT Income Fund NRF.UN December 31, 2013 January 15, 2014 $0.05000
North American REIT Income Fund NRF.UN January 31, 2014 February 14, 2014 $0.05000
North American REIT Income Fund NRF.UN February 28, 2014 March 14, 2014 $0.05000
North American Preferred Share Fund NPF.UN December 31, 2013 January 15, 2014 $0.11460
North American Preferred Share Fund NPF.UN January 31, 2014 February 14, 2014 $0.11460
North American Preferred Share Fund NPF.UN February 28, 2014 March 14, 2014 $0.11460
Senior Secured Floating Rate Loan Fund (Class A) FRL.UN December 31, 2013 January 15, 2014 $0.054167
Senior Secured Floating Rate Loan Fund (Class A) FRL.UN January 31, 2014 February 14, 2014 $0.054167
Senior Secured Floating Rate Loan Fund (Class A) FRL.UN February 28, 2014 March 14, 2014 $0.054167
Senior Secured Floating Rate Loan Fund (Class U) Not listed December 31, 2013 January 15, 2014 $0.054167 (U.S.)
Senior Secured Floating Rate Loan Fund (Class U) Not listed January 31, 2014 February 14, 2014 $0.054167 (U.S.)
Senior Secured Floating Rate Loan Fund (Class U) Not listed February 28, 2014 March 14, 2014 $0.054167 (U.S.)

 

SOURCE: Propel Capital Corporation

For further information:

please call Raj Lala, President, Propel Capital at 416-572-2364 or visit  www.propelcapital.ca

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Propel Capital Corporation

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