TORONTO, June 27 /CNW/ - Criterion Investments Limited ("Criterion")
today announces that it is raising the annual distribution of Criterion Global
Dividend Currency Hedged Fund from $0.50 to $0.55 per share. The increase will
be reflected as of the upcoming quarterly distribution to shareholders on
June 30, 2007.
"We have seen an increase in distribution from the Fund's underlying
portfolio companies and we're delighted to be able to pass this on to
shareholders," explained Ian McPherson, President of Criterion Investments.
A currency-hedged global equity fund focused on high dividend-paying
multinationals in the FTSE(TM) Global 100 Index, the Fund's portfolio is
selected by Merrill Lynch International. It is the only fund in Canada
leveraging a simple and proven "Dogs of the Dow"-type strategy on a global
The Fund is one of the family of Criterion Currency Hedged Funds focused
on providing Canadians with a simple way to invest in certain international
assets, such as equities and commodities, while substantially mitigating the
risk associated with volatile currency exchange rates. Launched in mid-2006,
the Fund recorded a one-year total return of 19.5% (Class C) as at May 31,
Criterion is committed to creating insightful solutions for everyday
Canadian investors. Criterion combines unique investment structures with
best-in-class asset managers or strategies typically only available to large
institutions and high-net worth individuals. By doing so, it offers retail
investors opportunities for access to exclusive asset classes, enhanced yield,
tax efficiency and risk reduction. Criterion is an affiliate of VenGrowth
Asset Management Inc., one of Canada's premier managers of private equity and
alternative investments with a proven track record of success since 1982. For
more information, please visit www.criterioninvestments.com.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus of the
Fund before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
For further information:
For further information: Media Inquiries: Angus Fisher, Manager, Media &
Communications, VenGrowth Asset Management Inc., (416) 628-9255,