Canadian High Income Equity Fund Announces Distribution Reinvestment Plan
18 June 2014 - 6:29AM
Marketwired
Canadian High Income Equity Fund Announces Distribution
Reinvestment Plan
TORONTO, ONTARIO--(Marketwired - Jun 17, 2014) - Canadian High
Income Equity Fund (the "Fund") (TSX:CIQ.UN) is pleased to announce
that it has initiated a distribution reinvestment plan ("DRIP")
that is available beginning with the June 30, 2014 record date. The
DRIP provides unitholders with the ability to automatically
reinvest distributions and realize the benefits of compound growth.
Under the DRIP, if the 10 day weighted average trading price prior
to the distribution payment date (the "Trading Price") is higher
than the net asset value per unit ("NAV"), such that the Fund is
trading at a premium to NAV, unitholders will benefit from
reinvesting distributions at a lower value, generally being NAV. If
the Trading Price is lower than the NAV, such that the Fund is
trading at a discount to NAV, unitholders will generally benefit
from reinvesting at below NAV through the acquisition of units in
the market. The DRIP provides an attractive reinvestment mechanism
in both circumstances when the Fund trades at a premium or a
discount to NAV. Contact your investment advisor to enroll in the
Fund's DRIP and please visit our website for complete details of
the DRIP plan.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is an experienced
investment fund manager operating since 2002. Brompton is focused
on meeting the needs of investors by offering low cost, innovative
products with client friendly terms and supported by strong
corporate governance. For further information, please contact your
investment advisor, call Brompton's investor relations line at
416-642-9051,
(toll-free at 1-866-642-6001) email
info@bromptongroup.com or visit our website at
www.bromptongroup.com.
Commissions, trailing commissions, management fees and
expenses all may be associated with investment funds. Please read
the Fund's publicly filed documents which are available from SEDAR
at www.sedar.com. Investment funds are not guaranteed, their values
change frequently and past performance may not be
repeated.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to matters
disclosed in this press release and to other matters identified in
public filings relating to the Fund, to the future outlook of the
Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue"
or other similar expressions concerning matters that are not
historical facts. Actual results may vary from such forward-looking
information. Investors should not place undue reliance on
forward-looking statements. These forward-looking statements are
made as of the date hereof and we assume no obligation to update or
revise them to reflect new events or circumstances.
Brompton FundsInvestor Relations416-642-9051, (toll-free at
1-866-642-6001)info@bromptongroup.comwww.bromptongroup.com
Canadian High Income Equ... (TSX:CIQ.UN)
Historical Stock Chart
From Dec 2024 to Jan 2025
Canadian High Income Equ... (TSX:CIQ.UN)
Historical Stock Chart
From Jan 2024 to Jan 2025
