TORONTO, Jan. 13, 2012 /CNW/ - (TSX: GDP.UN) - Global Dividend Fund (the "Fund") today announced that its anticipated monthly distribution for the calendar year 2012 will be $0.018 per unit which is approximately 5.29% on an annualized basis based upon the January 12th, 2012 Net Asset Value per unit.
The distribution represents a yield of 5.71% on yesterday's closing price of $3.78.
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 Fund invests 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 actively manages the Portfolio and seeks to invest in issuers that have strong cash flows and the ability to grow their distributions and typically having a market capitalization of at least U.S. $2billion.
BlackBridge Capital Management Corp. is the Manager of the Fund and Tralucent Asset Management Inc. is the investment advisor of the Fund.
For further information:
President, BlackBridge Capital Management Corp.
Tel: (416) 623-6443
Fax: (416) 273-2044