VentureLink Funds announces VentureLink Financial Services Innovation Fund Capital Gains Dividend

    TORONTO, Feb. 15 /CNW/ - VentureLink LP, manager of the VentureLink Group
of labour-sponsored investment funds, with over $250 million in assets under
management, today announced that VentureLink Financial Services Innovation
Fund Inc. will be declaring a Capital Gains Dividend under subsection 131(1)
of the Income Tax Act.
    The election will be in the amount of $6,400,000, or approximately
$0.56-0.64 per share, depending on the series. This will be a non-cash
dividend that will increase the paid-up capital of Class A shares. The record
date will be February 15, 2008, with a payment date of February 18, 2008.
    This Capital Gains Dividend is being declared in order to minimize future
taxes that would otherwise be payable by the Fund.

    About VentureLink

    With over $250 million under management, VentureLink Funds is a diverse
group of labour-sponsored funds ("LSIF"). The group was a pioneer in bringing
funds focused on mezzanine debt to the LSIF market, a conservative approach
that provides investors benefit from the security of debt positions along with
the growth potential of participating equity.
    VentureLink Funds give investors access to well-diversified portfolios of
established companies operating in traditional industries such as financial,
manufacturing and service industries as well as dynamic industries like
alternative energy.
    The company maintains a strong relationship with CI Financial Inc., who
performs client services and client account administration for the Funds. For
more information, please visit:

For further information:

For further information: John Varghese, Managing Director, VentureLink
LP, (416) 681-6371

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890