TORONTO, March 15, 2012 /CNW/ - The Board of Directors of CaRIT Limited in its capacity as Trustee for Canadian Resources Income Trust ("CaRIT" or the "Trust") has declared a cash distribution of $0.05 per Trust Unit.
Record and payment dates are as follows:
|Record Date||Payment Date||Distribution Amount/Trust Unit|
|March 30, 2012||April 13, 2012||$0.05|
Unitholders are entitled to receive monthly distributions as declared by the Trustee of CaRIT. The Trustee generally intends to declare and pay monthly distributions to the extent of forecasted distributions/dividends to be received for a calendar quarter from the underlying portfolio, less the estimated operating expenses for the period.
CaRIT is an investment trust which provides investors with high current yield and low cost diversification through a defined portfolio of equity securities of selected Canadian issuers focused on the natural resource industry.
Trust Units of CaRIT are listed for trading on The Toronto Stock Exchange under the symbol RTU.UN.