Core Canadian Dividend Trust

Core Canadian Dividend Trust

July 02, 2009 16:03 ET

Core Canadian Dividend Trust Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwire - July 2, 2009) - Core Canadian Dividend Trust (the "Trust") (TSX:CDD.UN) has declared its monthly distribution of C$0.03683 per unit payable July 31, 2009 to unitholders of record as of July 15, 2009.

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's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. To generate additional returns above the dividend income earned on the Fund's investment portfolio, the Fund will, from time to time, write covered call options in respect of some or all of the securities in the portfolio.

The Fund's Units are listed on the Toronto Stock Exchange under the symbol CDD.UN.

Distribution Details :
Distribution per Unit $0.03683
Payable Date: July 31, 2009
Record Date: July 15, 2009
Ex-Dividend Date: July 13, 2009

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 at 1-800-725-7172