Copernican International Premium Dividend Fund

December 18, 2008 17:03 ET

Copernican International Premium Dividend Fund-Special Income Distribution

BURLINGTON, ONTARIO--(Marketwire - Dec. 18, 2008) - Copernican Capital Corp. today announced the finalized special income distribution amount payable to unitholders ("Unitholders") of record of Copernican International Premium Dividend Fund (TSX:CPM.UN) (the "Trust") as at December 30, 2008. Unitholders of the Trust will receive a special income distribution on December 31, 2008 in the aggregate amount of $0.004675 per Trust unit ("Unit). Such distribution will be paid by way of Units to all Unitholders, rather than by way of cash. Immediately following the Unit distribution, outstanding Units of the Trust will be consolidated on the basis of approximately one Unit for every 1.001067 Units outstanding, such that after the consolidation of Units, the number of Units outstanding will be equal to the number of Units outstanding immediately prior to the Unit distribution. After the Unit distribution and subsequent consolidation, each Unitholder will hold the same number of Units as they held before the non-cash distribution. However, the aggregate adjusted cost base of the Units held by each Unitholder will increase by the amount of the special income distribution. The actual amount of the consolidation ratio of Units will be announced by way of press release on or about January 2, 2009.

Contact Information

  • Copernican Capital Corp.
    Client Service Department