TSX Symbol: HYB.UN
TORONTO, March 10 /CNW/ - DDJ High Yield Fund (the "Fund") today
announced its distribution policy for 2008. The Fund will now pay $0.25 per
quarter for an annual total of $1.00 for 2008. This represents a yield of 8.6%
based on its net asset value and a yield of 10.1% based on its market price,
both as at February 29, 2008. The change was made to more accurately reflect
the return generated on the portfolio and to avoid returning capital to
The Fund announced its quarterly distribution for the period ending
March 31, 2008 of $0.25 per unit payable on April 15, 2008 to unitholders of
record as at March 31, 2008.
The Fund's investment objective is to provide investors with a high level
of current income distributed quarterly over the life of the Fund. The Fund
will also seek capital appreciation through investing in securities with
potential for appreciation.
The Fund, managed by CI Investments Inc., is a closed-end fund listed on
the Toronto Stock Exchange (HYB.UN) which invests in a diversified portfolio
consisting primarily of high yield debt securities issued.
For further information:
For further information: CI Investments Inc., (416) 364-1145,