TORONTO, May 1, 2014 /CNW/ - (TSX: PMB.UN) Picton Mahoney Tactical Income Fund, a closed-end investment fund (the "Fund"), announced today that 544,563 units of the Fund, representing 3.49% of the outstanding units of the Fund, were submitted for redemption on the annual redemption date of April 30, 2014. In total, 399,813 Class A units and 144,750 Class F units were submitted for redemption. Unitholders who tendered Class A units for redemption will be entitled to receive $9.8795 per unit, the net asset value per unit on the annual redemption date. Unitholders who tendered Class F units for redemption will be entitled to receive $10.3126 per unit, the net asset value per unit on the annual redemption date. Redeeming unitholders will also be entitled to receive the previously announced monthly distribution for April of $0.0417 per unit. Payments will be made on or before May 22, 2014.
SOURCE: Picton Mahoney Asset Management
For further information: Arthur Galloway, Picton Mahoney Asset Management, Tel: (416) 955-4108, Web site: www.pictonmahoney.com, Email: [email protected]nmahoney.com