AIC Limited

AIC Limited

January 05, 2007 16:01 ET

AIC Limited Announces Two New Funds

BURLINGTON, ONTARIO--(CCNMatthews - Jan. 5, 2007) - AIC Limited today announced the launch of two new funds within its AIC Funds' family, AIC World Financial Infrastructure Income and Growth Fund and AIC Global Premium Dividend Income Fund.

"AIC has designed these two new funds to respond to those advisors and investors who are looking for quality products that deliver a tax efficient distribution on an annual or monthly basis," said AIC Jonathan Wellum, Chief Executive Officer and Chief Investment Officer. "AIC has been committed to helping Canadians achieve long term wealth creation through focused and disciplined investing. We've structured these products to deliver a tax efficient yield by investing in quality companies operating in stable, long-term growth sectors. And, we are proud to offer these unique funds in our core area of expertise. AIC Global Premium Dividend Income Fund offers a 6 per cent annual tax efficient distribution through investments in premium quality businesses with a weighted average Standard & Poor's credit rating of 'A', across a number of sectors. AIC World Financial Infrastructure Income & Growth Fund offers a 5 per cent annual tax efficient distribution by uniquely focusing on those companies that underpin the financial services and wealth management sector."

AIC World Financial Infrastructure Income and Growth Fund is designed for investors who seek capital growth and exposure to companies active in the financial services sector located in countries throughout the world. The Fund's investment objective is to obtain long-term capital appreciation and to generate steady income by investing primarily in equity securities of companies located throughout the world engaged in the development, application, production and distribution of products/services that serve to underpin the infrastructure of the world's financial services sector - for example, custodians, securities exchanges, financial networks, processors and brokers and those companies who supply financial information. "AIC is recognized among mutual fund providers as having a distinct expertise in financial services sector investing and that makes us particularly confident in offering this new fund into the marketplace," said Mr. Wellum. AIC World Financial Infrastructure Income & Growth Fund can be purchased in both Canadian and U.S. dollars.

AIC Global Premium Dividend Income Fund is designed for investors who seek current income and capital appreciation through exposure to equity securities throughout the world. The fund's investment objective is to generate steady income and achieve capital preservation and appreciation by investing primarily in common and preferred shares of companies, royalty and income trusts and fixed income securities of companies located throughout the world. AIC Global Premium Dividend Income Fund can be purchased in both Canadian and U.S. dollars.

AIC commenced operations in 1985 and has grown to become one of Canada's largest privately-held mutual fund companies with assets under management exceeding $8 billion.

Contact Information

  • AIC Limited
    Terri Oswald
    Director, Media Relations
    (905) 331-4242, ext. 4345 or 1-888-710-4242, ext. 4345
    Email: toswald@aic.com
    or
    AIC Limited
    1375 Kerns Road
    Burlington, Ontario, L7R 4X8
    Head Office: 1-888-710-4242
    Email: info@aic.com
    Webiste: www.aic.com