TORONTO, April 15, 2014 /CNW/ - EBC Limited Partnership (the "Trustee") in its capacity as Trustee for Europe Blue-Chip Dividend & Growth Fund (the "Trust") has today declared a cash distribution of $0.1664 per Trust Unit. This distribution represents the first distribution, covering the period from March 21, 2014, the closing date of the Trust's initial public offering, to June 30, 2014.
Record and payment dates are as follows:
|Record Date||Payment Date||Distribution Amount/Trust Unit|
|June 30, 2014||July 15, 2014||$0.1664|
Unitholders are entitled to receive quarterly distributions as declared by the Trustee of the Trust. The Trustee generally intends to declare and pay quarterly distributions based on the dividends and other distributions received on the underlying portfolio and premiums realized by the Trust pursuant to its option writing strategy less the operating expenses. It is expected that the quarterly distributions received by Unitholders will be characterized primarily as income and capital gains for tax purposes.
The Trust's investment objectives are to provide unitholders with: (i) stable quarterly distributions; and (ii) the opportunity for capital appreciation through investment exposure to an equally-weighted portfolio comprised of the 20 highest yielding equity securities included in the Europe Dow.
The units of the Trust are listed for trading on The Toronto Stock Exchange under the symbol EBC.UN.
SOURCE: Europe Blue-Chip Dividend & Growth Fund
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