TORONTO, June 16, 2016 /CNW/ - The Board of Directors of MLF Ltd., as general partner of MLF Limited Partnership, trustee of Moneda LatAm Fixed Income Fund, (the "Fund") has declared cash distributions of $0.1375 per Class A Unit and US$0.1375 per Class U Unit payable on July 15, 2016 to holders of record at the close of business on June 30, 2016.
The Fund does not have a fixed distribution but targets quarterly distributions through pre-settlements of the forward agreement, based on the actual and expected returns on the portfolio less actual and expected direct and indirect expenses of the Fund.
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: Investor Relations, 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