TSX Symbol: HYB.UN
TORONTO, Feb. 2 /CNW/ - DDJ High Yield Fund (the "Fund") today announced
its distribution policy for 2009. The Fund will now pay $0.20 per quarter for
an annual total of $0.80 for 2009. This represents a yield of 11.4% based on
its net asset value and a yield of 12.7% based on its latest market price,
both as at January 30, 2009. The change was made to more accurately reflect
the return generated on the portfolio and to avoid returning capital to
The Fund's investment objective is to provide investors with a high level
of current income distributed quarterly over the life of the Fund. The Fund
will also seek capital appreciation through investing in securities with
potential for appreciation.
The Fund, managed by CI Investments Inc., is a closed-end fund listed on
the Toronto Stock Exchange (HYB.UN) which invests in a diversified portfolio
consisting primarily of high yield debt securities issued.
For further information:
For further information: CI Investments Inc., (416) 364-1145,