Excel India Growth & Income Fund (TSX: EGI.UN) Announces Monthly Distribution

TORONTO, Oct. 26, 2015 /CNW/ - Excel Funds Management Inc. (the "Manager") is pleased to announce the monthly distribution for the Excel India Growth & Income Fund (the "Fund") for the month ending October 31, 2015 of $0.04 per unit of the Fund. The above distribution will be paid on November 16, 2015 to unitholders on record as at October 31, 2015.

Excel Funds Management Inc. is a multiple Lipper Award winner specializing in emerging markets. Founded in 1998 with the launch of the Excel India Fund, the largest and longest running India-focused fund in Canada, Excel Funds Management Inc. has been a Canadian leader in emerging market-focused mutual funds by offering a wide-range of innovative mutual funds that capture new growth opportunities.

Fund Name


(Per unit)




Excel India Growth & Income Fund






* As at September 30, 2015

Aditya Birla Sun Life Asset Management Company Pte Ltd., an affiliate of Birla Sun Life Asset Management Company Limited (collectively, the "Birla Sun Life Group"), the Fund's sub-adviser is India's fourth largest independent asset manager and, has approximately US $19 billion of assets under management.

About Excel India Growth & Income Fund

The Fund's investment objectives are to provide unitholders with (i) the opportunity for capital appreciation; and (ii) monthly distributions. The Fund has been created to invest in an actively managed, diversified portfolio (the "Portfolio") comprised primarily of publicly-listed equity securities and investment grade corporate fixed income securities, in each case, issued by entities located in India.  The Fund does not have a fixed monthly distribution amount but intends to, at least annually, set distribution targets based on the Manager's and portfolio manager's estimate of distributable cash flow for the period. All distributions are paid out to unitholders as cash distributions, unless the unitholder has opted in the dividend re-investment program (DRIP).

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Excel Funds Management Inc. does not guarantee any particular rate of return or the performance of the Fund, the repayment of capital from the Fund or any tax treatment of any distribution from the Fund. You should refer to the prospectus dated April 23, 2015 (the "Prospectus") of the Fund and other documents filed by the Fund with Canadian securities regulatory authorities, available at www.sedar.com, for further information regarding the Fund.

All statements in this press release, other than statements of historical fact, and including statements regarding the future economic effects of events, are "forward-looking statements". These forward-looking statements reflect the current beliefs of the Fund's portfolio manager and are based on information available to the Fund as of the date of this update. Actual results may differ materially as they are subject to a number of significant risks and uncertainties, including those discussed under "Risk Factors" and elsewhere in the Prospectus. The Fund has no obligation to update or revise the forward-looking statements in this update. Past performance is not a reliable indicator of future results.

For further information, please contact your financial advisor, call our investor relations line at 1-888-813-9813 or visit our website at www.excelfunds.com.

SOURCE Excel Funds Management Inc.

For further information: Media & Information Contact: Caroline Grimont, Vice President, Marketing, 905-624-7744, caroline.grimont@excelfunds.com


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