Copernican World Banks Income and Growth Trust

February 19, 2008 16:52 ET

Copernican World Banks Income and Growth Trust-Distribution, February 2008

BURLINGTON, ONTARIO--(Marketwire - Feb. 19, 2008) - Copernican World Banks Income and Growth Trust (TSX:CBK.UN) (the "Fund") today announced that a monthly cash distribution in the amount of $0.05833 per unit of the Fund will be paid on March 14, 2008 to unitholders of record as of February 29, 2008.

A unitholder that has continually held units since inception will have received a total of $1.37 per unit as of payment date.

The Fund determines annually its anticipated monthly distribution target for the following year. Based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the year, the monthly distribution amount for the next 12 months is targeted to be $0.05833 per unit or $0.70 per annum. This represents an annual yield of 11.5% based on a market price of $6.10 per unit on February 15, 2008.

Contact Information

  • Copernican Capital Corp.
    Client Service Department
    (905) 319-4922