TORONTO, Sept. 11, 2012 /CNW/ - The Board of Directors of MLF Ltd., trustee of Moneda LatAm Fixed Income Fund, (the "Fund) has declared cash distributions of $0.20697 per Class A Unit and US$0.20697 per Class U Unit payable on October 15, 2012 to holders of record at the close of business on September 28, 2012. This represents the first fixed quarterly distribution, prorated from June 19, 2012, being the closing date of the Fund's initial public offering, to September 30, 2012.
The Fund is an investment fund established to provide holders of Units with investment exposure, on a tax-advantaged basis, to an actively managed and diversified portfolio consisting primarily of U.S. dollar-denominated high yield fixed income securities of companies in Latin America. The Fund's investment objectives are to: (i) preserve and enhance the net asset value of the Fund; and (ii) provide Unitholders with quarterly tax-advantaged distributions consisting primarily of returns of capital, in each case through exposure by virtue of the Forward Agreement to a diversified portfolio consisting primarily of U.S. dollar -denominated high yield fixed income securities of companies in Latin America.
The Class A Units of the Fund are listed for trading on the Toronto Stock Exchange under the symbol MLF.UN.
SOURCE: Moneda LatAm Fixed Income Fund
For further information:
Moneda LatAm Fixed Income Fund
Web site: www.scotiamanagedcompanies.com
Email: [email protected]
26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6
Tel: (416) 945-4994 Fax: (416) 863-7425