TSX Symbols: SLP.UN, SPO.UN
TORONTO, July 18, 2012 /CNW/ - Skylon Global Capital Yield Trust and
Skylon Global Capital Yield Trust II (the "Trusts") announced today that the Trusts will redeem all of their
outstanding Series 2012 Units (together, the "Units") on July 31, 2012
(the "Redemption Date") as contemplated by the constating documents of
the Trusts. The Trusts will request that its Units be delisted from the
Toronto Stock Exchange after the close of trading on July 25, 2012.
Thereafter, the Trusts may pay a special distribution to all
Unitholders of record on July 31, 2012 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 Trusts on or
about August 3, 2012 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 Trusts are terminating, they will not pay their regular monthly
distribution of $0.1510 per Unit to unitholders of record on July 31,
Series 2012 Units are currently listed on the Toronto Stock Exchange
under the symbols SLP.UN and SPO.UN, respectively.
SOURCE CI Investments Inc.
For further information:
CI Investments Inc.