Core Canadian Dividend Trust

Core Canadian Dividend Trust

January 03, 2007 16:03 ET

Core Canadian Dividend Trust Declares Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Jan. 3, 2007) - Core Canadian Dividend Trust (TSX:CDD.UN) (the "Trust") has declared its monthly distribution of C$0.052832 per unit payable January 31, 2007 to unitholders of record as of January 15, 2007.

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 $0.052832
Payable Date: January 31, 2007
Record Date: January 15, 2007
Ex-Dividend Date: January 11, 2007

A member of the Mulvihill Capital Management Inc. Group of Funds

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