NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
TORONTO, Jan. 30, 2012 /CNW/ - Creststreet Dividend & Income Fund (the
"Fund"), a class of Creststreet Mutual Funds Limited, is pleased to
announce that a distribution in the amount of $0.034 per share will be
paid on January 31, 2012 to shareholders of record at the close of
business on January 30, 2012. This is a monthly declaration of a
distribution for the Fund and will be taxed as a capital gain in the
hands of the investor.
The Fund's objective is to provide a high level of stable investment
returns through a combination of interest, dividends and capital gains
while emphasizing capital preservation. The Fund invests a diversified
portfolio of equity and fixed income securities of primarily Canadian
issuers which will include income trusts including one or more of
business income trusts, convertible debentures of trusts, oil and gas
trusts and real estate investment trusts. The Fund will employ a
value-based approach to investing with an emphasis on long-term value.
This involves direct assessments and detailed analysis on a company
basis of management, its industry, business and asset strengths,
weaknesses and exposures. Greater emphasis will be placed on valuation
criteria applicable to both corporations and trusts such as EBITDA
multiples, cash flow multiples, net asset values and other industry
specific measures. In addition, security specific factors such as
cash-on-cash yields and stability ratings will be included. Assessments
of the company's or trust's industry position, balance sheet strength,
future growth potential, its ability to execute successful acquisitions
and its access to capital are also key components. The fundcodes for
the Fund are CAM300, CAM301 and CAM302.
Tax Deferred Switching between Fund Classes
Creststreet Mutual Funds Limited offers three fund classes; the
Creststreet Resource Fund, the Creststreet Alternative Energy Fund and
the Creststreet Dividend & Income Fund. Investors can switch shares
from one Fund to another on a tax-deferred "rollover" basis where the
event will not result in a capital gain or loss and the adjusted cost
base of the shares of the new Fund acquired on the switch will be equal
to the adjusted cost base of the shares switched from the former Fund.
Creststreet is a performance driven, independent asset management firm,
founded on the premise that commodities are an increasingly scarce
resource that will increase in value over time, providing attractive
long-term investment opportunities. Since its inception in 2000,
Creststreet has raised over $1 billion for resource investments.
Creststreet has built a committed investment management team with more
than 30 years of combined resource investment experience. Creststreet
seeks to provide its investors superior, risk adjusted returns in
unique core and specialty products by combining our rigorous internal
research processes with our active portfolio management style.
SOURCE Creststreet Dividend
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