TORONTO, June 20, 2017 /CNW/ - PineBridge Investment Grade Preferred Securities Fund (TSX:PRF.UN) (the "Fund") announced today a cash distribution for the month of July. Unitholders of record at the close of business on June 30, 2017 will receive a cash distribution in the amount of $0.125 per unit, payable on or about July 14, 2017.
The Fund also announced today that, based upon the prevailing market conditions and the estimate of distributable cash flow from the Fund's portfolio for the upcoming year, the indicative distribution amount of the Fund for the 12 months ending June 30, 2018 will remain unchanged at $0.125 per unit month ($1.50 per unit per annum).
The Fund does not have a fixed distribution policy and will make formal distribution announcements on a monthly basis. The amount of distributions may fluctuate from month to month and there can be no assurance that the Fund will make any distribution in any particular month or months or that the indicative distribution target will be met.
Further information about the Fund can be found at www.bmocm.com/investorsolutions under "Investment Funds".
SOURCE PineBridge Investment Grade Preferred Securities Fund
For further information: BMO Capital Markets: For further information, please contact BMO Capital Markets at 1.866.864.7760.