TORONTO, Jan. 10 /CNW/ - (TSX: GDP.UN) - Global Dividend Fund (the
"Fund") today announced that its anticipated monthly distribution for the
calendar year 2008 will remain 5.50% on an annualized basis.
The distribution represents a yield of 6.57% on yesterday's closing price
of $8.37. The current yield on the Global Dividend Fund portfolio at
December 31, 2007 was 3.0%.
The Fund's investment objectives are (i) to provide holders of Units with
monthly cash distributions; and (ii) to preserve and enhance net asset value.
The Fund is designed to provide global (and portfolio) diversification through
investment in international companies that are leaders in their sector and
country. The net proceeds of the offering will be invested in a diversified
global portfolio (the "Portfolio") comprised primarily of common shares and
other equity securities of issuers that the investment advisor of the Fund
believes are fundamentally sound but which are trading at a discount to their
intrinsic value. The investment advisor will actively manage the Portfolio and
will seek to invest in issuers that have strong cash flows and the ability to
grow their distributions. The investment advisor expects that the resulting
Portfolio will be comprised of the equity securities of approximately 40 - 60
issuers diversified by both geography and sector, with each issuer typically
having a market capitalization of at least U.S. $2 billion.
frontierAlt Capital Corporation is the Manager of the Fund.
For further information:
For further information: Asif Khan, Chairman & CEO, frontierAlt Capital
Corporation, Tel: (416) 623-3161, Fax: (416) 360-6202, email:
email@example.com; Kurankye Sekyi-Otu, Executive Vice-President,
frontierAlt Capital Corporation, Tel: (416) 623-3171, Fax: (416) 360-6202,
e-mail: firstname.lastname@example.org, www.frontieralt.com