TORONTO, Jan. 24, 2014 /CNW/ - MBN Corporation ("MBN" or the "Company") announces that its board of directors has determined that, effective January 31, 2014, MBN will cease paying the service fees which are currently paid to dealers that have investors who hold equity shares. The board of directors of MBN believes that ceasing to pay service fees will bring it in line with closed-end funds which have recently eliminated service fees and will also benefit the Company as it will result in MBN having more cash available for investment and should also increase the Company's net asset value.
MBN Corporation trades on the Toronto Stock Exchange under the symbol "MBN".
Statement Regarding Forward-Looking Information: This press release may contain forward-looking information, including with respect to ceasing to pay service fees and the benefits to the Company of ceasing to pay the service fees. The forward-looking information contained in this press release constitutes current expectations, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents an estimate as of any date other than the date of this press release.
SOURCE: MBN Corporation
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