TORONTO, May 2, 2016 /CNW/ - (TSX: PMB.UN) Picton Mahoney Tactical Income Fund, a closed-end investment fund (the "Fund"), announced today that 3,529,379 units of the Fund, representing 24.04% of the outstanding units of the Fund, were submitted for redemption on the annual redemption date of April 29, 2016. In total, 2,727,323 Class A units and 802,056 Class F units were submitted for redemption. Unitholders who tendered Class A units for redemption will be entitled to receive $7.8596 per unit, the net asset value per unit on the annual redemption date. Unitholders who tendered Class F units for redemption will be entitled to receive $8.3343 per unit, the net asset value per unit on the annual redemption date. Redeeming unitholders will also be entitled to receive the previously announced monthly distribution for April for Class A of $0.0338 per unit and for Class F of $0.0358 per unit. Payments will be made on or before May 20, 2016.
SOURCE Picton Mahoney Tactical Income Fund
For further information: Arthur Galloway, Picton Mahoney Asset Management, Tel: (416) 955-4108, Web site: www.pictonmahoney.com, Email: firstname.lastname@example.org