Picton Mahoney Tactical Income Fund Announces Annual Redemption

TORONTO, May 1, 2017 /CNW/ - (TSX: PMB.UN) Picton Mahoney Tactical Income Fund, a closed-end investment fund (the "Fund"), announced today that 3,114,196 units of the Fund, representing 27.92% of the outstanding units of the Fund, were submitted for redemption on the annual redemption date of April 28, 2017. In total, 2,903,571 Class A units and 210,625 Class F units were submitted for redemption. Unitholders who tendered Class A units for redemption will be entitled to receive $8.8845 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 $9.4705 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 $0.0358 per unit and for Class F of $0.0381 per unit. Payments will be made on or before May 19, 2017.

SOURCE Picton Mahoney Asset Management

For further information: Arthur Galloway, Picton Mahoney Asset Management, Tel: (416) 955-4108, Web site: www.pictonmahoney.com, Email: service@pictonmahoney.com

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