CALGARY, Sept. 13 /CNW/ - Hesperian Capital Management Ltd. ("Hesperian")
today announced that it has increased the monthly cash distribution for the
Norrep Income Growth Class of Norrep Opportunities Corp. ("the Fund") to
$0.06 cents per share from $0.05 cents per share for the balance of 2007.
The distribution is payable on the last business day of each month to all
shareholders of record on the previous business day. For example, the first
distribution at the new payout amount will be payable on September 28th, 2007
to shareholders of record on September 27, 2007.
The monthly distribution amount is established at the beginning of each
calendar year based on Hesperian's assessment of prevailing market conditions
and outlook. The distribution may be adjusted during the year. Prior to each
tax year-end, the Fund distributes excess income and capital gains to
shareholders. Unless otherwise directed in writing, any distributions will be
automatically reinvested, without charge, in additional shares of the same
Founded in 1995, Hesperian Capital Management is an independent
investment counseling firm with offices in Calgary and Toronto.
Beginning with the Norrep Fund in 1999, Hesperian has steadily grown its
portfolio of products to include six public mutual funds, three resource-based
flow-through limited partnerships, and one pooled fund.
Specializing in niche markets, Hesperian applies a unique blend of
fundamental and quantitative techniques to all investment decisions. Each
product is specifically designed to target inefficiencies within certain
markets and provide investors with measurably superior long-term performance.
Please visit www.hesperiancapital.com for more details about Hesperian
and the Norrep Group of Funds.
Certain information set forth in this press release, including a
discussion of future plans and operations, contains forward-looking statements
that involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
some of which are beyond management's control, including but not limited to,
the impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of foreign exchange rates, environmental risks,
industry competition, availability of qualified personnel and management,
stock market volatility, timely and cost effective access to sufficient
capital from internal and external sources. Actual results, performance or
achievement could differ from those expressed in or implied by these
For further information:
For further information: Julie Hoban, Marketing Manager, Hesperian
Capital Management Ltd., (403) 531-1407, (877) 431-1407,