BluMont Capital Corporation

BluMont Capital Corporation

November 28, 2012 16:01 ET

BluMont Capital Adds Monthly Distribution to the Exemplar Timber Fund

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE.

BluMont Capital Corporation ("BluMont Capital") is pleased to announce that it will be adding a monthly distribution to the Exemplar Timber Fund (the "Fund"). The monthly distribution will commence on or about January 31st, 2013 and the target distribution rate will be 3% per annum. Commencement of the monthly distribution is conditional upon, among other things, regulatory approval.

"Many advisors have been asking for cash flow from the Fund as they want it to serve a long-term role in retirees' accounts to preserve real spending power. With strong dividend growth and total-return expected to be driven by simple supply and demand imbalances, we are able to accommodate their request," said James Wanstall, CEO, BluMont Capital.

The Fund is sub-advised by Capital Innovations, LLC of Wisconsin, with John Duncanson, a 35 year professional forester and award winning timber analyst, contributing to the management of the portfolio. Capital Innovations' unique strategy presents an opportunity for investors to get exposure to timber businesses through a familiar investment vehicle (publically listed companies) rather than typical direct investments in the sector which tend to be private equity-style funds with high investment minimums and very limited liquidity.

Given the lack of timber fund investments for individual Canadian investors, BluMont Capital believes that the Fund meets the needs of those investors seeking exposure to the proven benefits of this unique asset class. In addition, the Fund is easily accessible for all investors and run by a proven experienced team that has been trusted by many notable institutions to manage endowment money.

About BluMont Capital

From mutual funds to alternative solutions, BluMont Capital's products are designed to protect your capital regardless of market conditions. We have the vision to go beyond convention by empowering our portfolio managers with flexible mandates and the freedom to perform in any market environment.

BluMont Capital is a wholly owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX:IAM), a leading Canadian alternative asset investment management company with approximately C$1.9 billion in assets and committed capital under management (www.iamgroup.ca). Further information on BluMont Capital can be found at www.blumontcapital.com.

This news release contains certain "forward-looking statements". The statements that are not historical facts contained in this press release are forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • BluMont Capital Corporation
    James Wanstall
    Chief Executive Officer
    416.202.6695 / 866.473.7376
    www.blumontcapital.com