TSX Symbol: YOU.UN
TORONTO, March 20, 2014 /CNW/ - Yield Advantage Income Trust (the "Trust") announces an indicative distribution for the following twelve months of $0.70 per unit ($0.0583 per month). This is based upon the prevailing market conditions and the Manager's estimate of distributable cash flow for the year.
The Trust's investment objectives are: (i) to provide unitholders with tax efficient monthly distributions consisting primarily of capital gains and returns of capital initially targeted to be $0.0583 per unit ($0.70 per annum to yield 7.0% on the subscription price of $10.00 per unit); and (ii) to endeavour to preserve and enhance the net asset value of the Trust in order to return at least the original subscription price of $10.00 per unit to unitholders on or about December 31, 2015.
The Trust is listed on the Toronto Stock Exchange under the symbol YOU.UN.
SOURCE: CI Financial Corp.
For further information:
CI Investments Inc.