TORONTO, Jan. 11, 2016 /CNW/ - Global Dividend Fund (TSX: GDP.UN) ( the "Fund"). The Fund is currently exploring issuing units in the Fund on a private placement basis in order to meet the Continued Listing Requirements of TSX and is also reviewing listing on another Canadian stock exchange as well as an orderly wind-up of the Fund. The Fund still does not satisfy the market value and outstanding unit requirement for the past 30 business days required for continued listing. The Fund has been notified by the Toronto Stock Exchange (the "TSX") that the TSX expects to grant a 30 day extension shortly, beyond the previously announced decision date of January 11, 2016, to the delisting review period to consider whether the Fund has met the listing requirements of the TSX.
There is no certainty that any of the outcomes referenced above will be achieved and the Fund will update unit holders in a timely manner on further developments.
SOURCE Global Dividend Fund
For further information: Daniel Shapiro, Global Dividend Fund, (416) 623-6443