TORONTO, Dec. 4, 2012 /CNW/ - Excel Funds Management Inc. ("Excel") is
pleased to announce the tax - advantaged distribution for the quarter
ended December 31, 2012 of $0.19375 per unit for the Excel Latin
America Bond Fund (the "Fund"). The quarterly distribution yield is in
line with the Fund's targeted annual yield of 7.75% per annum. The
distributions will be payable on January 15, 2013 to unit holders of
record on December 31st, 2012.
Since the Fund's launch on June 19, 2012, its units have consistently
traded above both its Net Asset Value per unit ("NAV") and its $10.00
Excel is Canada's only emerging markets focused mutual fund provider and
Excel Investment Council Inc. (the "Portfolio Manager") is a multiple
Lipper Fund Award winner. Pioneering emerging markets investing over 14
years ago, Excel has been partnering exclusively with best-in-class,
on-the-ground portfolio managers that bring Canadian investors first
hand insight and expertise in these flourishing economies. Excel
proudly calls itself Your Authority in Emerging Markets.
BTG Pactual, the Fund's sub-advisor, is one of Latin America's leading
independent asset managers and had over U.S. $45 billion in assets
under management as at December 31, 2011. Standard and Poor's has
awarded them the 2011 and 2012 Best Fixed Income Fund Manager
About Excel Latin America Bond Fund
The Fund's investment objectives are to (i) provide quarterly
tax-advantaged distributions consisting primarily of returns of
capital; and (ii) preserve and provide the opportunity to increase the
net asset value of the Fund, in each case, through exposure to an
actively managed, diversified portfolio consisting primarily of U.S.
dollar denominated fixed income securities issued by companies located
in Latin America, with an initial focus on Brazil. The Portfolio
Manager intends to hedge substantially all of the value of the
portfolio to the Canadian dollar.
Units of the Fund trade on the Toronto Stock Exchange under the symbol
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian securities
laws. Forward-looking information may relate to the future outlook of
the Fund and anticipated distributions, events or results and may
include statements regarding the future financial performance of the
Fund. In some cases, forward-looking information can be identified by
terms such as "may", "will", "should", "expect", "anticipate",
"believe", "intend" or other similar expressions concerning matters
that are not historical facts. Actual results may vary from such
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, or any state securities laws. This
press release does not constitute an offer to sell or the solicitation
of an offer to buy any securities within the United States.
SOURCE: Excel Funds Management Inc.
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.
Chief Compliance Officer
Excel Funds Management Inc.