TORONTO, Dec. 8, 2016 /CNW/ - The Board of Directors of MLCB Ltd., general partner of MLCB Limited Partnership, Trustee for Moneda LatAm Corporate Bond Fund, (the "Fund) has declared cash distributions of $0.15 per Class A Unit and US$0.15 per Class U Unit payable on January 13, 2017 to holders of record at the close of business on December 30, 2016.
The Fund is an investment fund established to provide holders of Units with investment exposure to a diversified portfolio of fixed income securities of companies located in, or with significant operations in, Latin America, primarily denominated in U.S. dollars. The Fund's investment objectives are to: (i) preserve and enhance the net asset value of the Fund; and (ii) provide Unitholders with quarterly distributions through exposure to the total return performance of the Moneda Deuda Latinoamericana Fondo de Inversion (the "Moneda Fund"), a Chilean listed investment fund established in 2000 which is actively managed by Moneda S.A. Administradora de Fondos de Inversion. Moneda Asset Management S.A., the parent company of the Portfolio Manager, was established in 1993 and is a leading independent asset manager headquartered in Santiago, Chile.
The Fund does not have a fixed distribution but targets quarterly distributions based on the total return of the units of the Moneda Fund less the expenses of the Fund for the period.
The Class A Units of the Fund are listed for trading on the Toronto Stock Exchange under the symbol MLD.UN.
SOURCE Moneda LatAm Corporate Bond Fund
For further information: Investor Relations: Moneda LatAm Corporate Bond Fund, Web site: www.scotiamanagedcompanies.com, Email: [email protected]; 26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6, Tel: (416) 945-4262 Fax: (416) 863-7425