TORONTO, Dec. 20, 2013 /CNW/ - Return On Innovation Advisors Ltd. (the "Manager") announces that the Manager has determined that the special non-cash distribution of $0.066 per unit anticipated to be paid on December 31, 2013 to the unitholders of ROI Canadian Mortgage Income Fund (TSX: RIL.UN) (the "Fund") as announced in the previously issued news release of the Fund dated December 17, 2013 is no longer required due to the payment of sufficient income during 2013. Accordingly, a special non-cash distribution will not be paid at this time and there will be no corresponding issuance and consolidation of units. The monthly cash distribution of $0.042 per unit of the Fund as announced in the previously issued news release of the Fund dated December 17, 2013 will still be paid on January 15, 2014 to unitholders of the Fund of record as of December 31, 2013.
Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Return On Innovation Advisors Ltd. undertakes no obligation to update publicly or otherwise revise any forward looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. Investment funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There is no guarantee that an investment in the Fund will earn any positive return in the short or long term nor is there any guarantee that the Fund's investment objectives will be achieved or that the net asset value per unit will appreciate or be preserved.
SOURCE: ROI Capital
For further information:
Wilfred Vos, Bcs, FMA, CIM, CFP, FCSI, DMS, CBV, MBA, CFA
President and Founding Partner