TSX Symbol: YOU.UN
TORONTO, March 16 /CNW/ - Yield Advantage Income Trust (the "Trust")
announces an indicative distribution for the following twelve months of
$0.70 per unit ($0.05833 per month). This is based upon the prevailing market
conditions and the Manager's estimate of distributable cash flow for the year.
The Trust's investment objectives are: (i) to provide unitholders with
tax efficient monthly distributions consisting primarily of capital gains and
returns of capital initially targeted to be $0.0583 per unit ($0.70 per annum
to yield 7.0% on the subscription price of $10.00 per unit); and (ii) to
endeavour to preserve and enhance the net asset value of the Trust in order to
return at least the original subscription price of $10.00 per unit to
unitholders on or about December 31, 2015.
The Trust is listed on the Toronto Stock Exchange under the symbol
For further information:
For further information: CI Investments Inc., (416) 364-1145,