Picton Mahoney Tactical Income Fund Announces Target Monthly Distribution Rate for 2018 and Monthly Distribution for January 2018

TORONTO, Jan. 15, 2018 /CNW/ - (TSX: PMB.UN) Picton Mahoney Tactical Income Fund (the "Fund"), a closed-end investment fund, announced today the target monthly distribution rate for 2018.  While the Fund does not have a fixed distribution, distributions are targeted to be 5% per annum of the net asset value per unit. Monthly distributions are now targeted to be equal to $0.0365 per unit for Class A and $0.0390 per unit for Class F moving forward.

The change in targeted monthly distribution for the Fund takes into account many factors, including but not limited to, the Fund's current and expected earnings, the overall market environment and Picton Mahoney's current economic and market outlook.

The Fund has also declared a monthly distribution for Class A of $0.0365 per unit ($0.4380 per unit on an annualized basis) and for Class F of $0.0390 per unit ($0.4680 per unit on an annualized basis) for the month of January 2018. The distribution will be paid on or before February 22, 2018 to unitholders of record as at January 31, 2018.

SOURCE Picton Mahoney Tactical Income Fund

Arthur Galloway, Picton Mahoney Asset Management, Tel: [phone], Web site: www.pictonmahoney.com, Email: [email protected]