TORONTO, Jan. 16, 2014 /CNW/ - Sprott Strategic Fixed Income Fund ("Fund"), (TSX: SFI.UN), a fund created to provide exposure, on a tax-advantaged basis, to an actively managed portfolio comprised of long and short positions in fixed income securities and managed by Sprott Asset Management LP, today announced that its monthly distribution amount for the next 12 months will be $0.04 per Unit or approximately 6% on an annual basis, beginning with the monthly distribution payable to unitholders of record as of January 31, 2014. Distributions are expected to continue to consist primarily of returns of capital for tax purposes. The distribution policy of the Fund is designed to balance the objectives of providing tax-advantaged monthly distributions and to maximize absolute total returns for unitholders.
Since inception, the Fund has paid cumulative distributions of $1.4725 to unitholders.
About Sprott Strategic Fixed Income Fund
The Fund has been created to provide exposure, on a tax advantaged basis, to an actively managed portfolio (the "Portfolio") comprised primarily of long and short positions in fixed income securities from across the globe. In addition, the Portfolio's currency exposure is actively managed to both mitigate risk and enhance Portfolio returns.
The Fund's investment objectives are to maximize absolute total returns with low volatility relative to traditional, long-only bond funds and to provide unitholders with monthly tax-advantaged distributions.
About Sprott Asset Management LP
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is an investment manager dedicated to achieving outstanding returns for its investors over the long-term. Please visit us at sprott.com to learn more about our award-winning investment professionals and their market insights.
SOURCE: Sprott Strategic Fixed Income Fund
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