Core Canadian Dividend Trust

Core Canadian Dividend Trust

April 05, 2010 16:03 ET

Core Canadian Dividend Trust Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwire - April 5, 2010) - Core Canadian Dividend Trust (the "Fund") (TSX:CDD.UN)(TSX:CDD.WT) has declared its monthly distribution of C$0.04193 per unit payable April 30, 2010 to unitholders of record as of April 15, 2010. 

The Fund's investment objectives are: (i) to provide unitholders of the Fund with monthly cash distributions in an amount targeted to be 6.5% per annum on the net asset value ("NAV") of the Fund; and (ii) to preserve and grow the NAV per unit. The Fund invests in a blue-chip portfolio consisting of high-quality, large capitalization, dividend paying Canadian companies across multiple industry sectors that have an excellent long-term track record of dividend growth and share price appreciation.

To generate additional returns above the dividend income earned on the Fund's investment portfolio, the Fund may, from time to time, write covered call options in respect of some or all of the securities in the portfolio. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund's units and warrants are listed on the Toronto Stock Exchange under the symbols CDD.UN and CDD.WT respectively. Each warrant entitles its holder to acquire one unit at a subscription price of $7.11 on each business day commencing on December 7, 2009 and ending on June 15, 2010.

Distribution Details :  
Distribution per Unit: $0.04193
Payable Date: April 30, 2010
Record Date: April 15, 2010
Ex-Dividend Date: April 13, 2010

A member of the Mulvihill Capital Management Inc. Group of Funds.

Contact Information

  • Core Canadian Dividend Trust
    Investor Relations
    416.681.3966 or Toll Free: 1.800.725.7172