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