TORONTO, Dec. 17, 2013 /CNW/ - Skylon International Advantage Yield
Trust (the "Trust") announced today that the Trust will redeem all of
its outstanding redeemable, transferable units (the "Units") on
December 31, 2013 (the "Redemption Date") as contemplated by the
constating documents of the Trust. The Trust will request that the
Units be delisted from the Toronto Stock Exchange after the close of
trading on December 23, 2013. Thereafter, the Trust may pay a special
distribution to all Unitholders of record on December 31, 2013 prior to
redeeming the Units. Such distribution will reduce the redemption price
per Unit by an equivalent amount. The distribution, if any, together
with the redemption proceeds for the Units, will be paid by the Trust
on or about January 5, 2014 through CDS Clearing and Depository
Services Inc. It is anticipated that the Units will be redeemed at
their net asset value per unit on the Redemption Date.
As the Trust is terminating, it will not pay its regular monthly
distributions of $0.1042 per Series A Unit or US$0.0417 per Series B
Unit to unitholders of record on December 31, 2013.
The Series A Units are currently listed on the Toronto Stock Exchange
under the symbol SIA.UN and the Series B Units are currently listed on
the Toronto Stock Exchange under the symbol SIA.U.
SOURCE: CI Investments Inc.
For further information:
CI Investments Inc.