Navina Asset Management Announces December Distributions, Changes to Distribution Levels for 2011 and Changes to Valuation Frequencies

TORONTO, Dec. 17 /CNW/ - Navina Asset Management Inc. (the "Manager"), as manager of the issuers named below (the Navina Funds), announces the following distributions for the month ending December 31, 2010:

Navina Funds TSX Symbol Record Date Payment Date Distribution Amount
Lazard Global Convertible Bond Fund CBF.UN Dec 31, 2010 Jan 14, 2011 $0.0583 per unit
Global Agribusiness Trust AGB.UN Dec 31, 2010 Jan 14, 2011 $0.0167 per unit
Navina/Lazard U.S. High Yield Bond Fund -- Dec 31, 2010 Jan 14, 2011 $0.0583 per unit
Navina Global Resource Fund -- Dec 31, 2010 Jan 14, 2011 $0.04167 per unit
Navina Income & Growth Fund -- Dec 31, 2010 Jan 14, 2011 $0.04 per unit

In January 2011, the monthly distribution amount for Navina Income & Growth Fund units will be decreased to $0.03 per unit per month or $0.36 per unit per annum. This revised distribution rate represents a yield of 5.86% based on the current net asset value per unit of $6.15 for Class A units of the fund.  The Manager also advises that commencing in January the Navina Income & Growth Fund will switch to daily valuation from the current weekly valuation and will be available for purchase or sale daily.

In 2011, the monthly distributions for Global Agribusiness Trust and Navina Global Resource will cease.

The Navina Funds are managed by Navina Asset Management Inc., a wholly owned subsidiary of Aston Hill Financial Inc.  Aston Hill (TSX-V: AHF) is a public asset management company with expertise in income products, energy investments and oil and gas property management.


For further information:

Catherine Stretch

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