Core Canadian Dividend Trust

Core Canadian Dividend Trust

April 04, 2007 16:03 ET

Core Canadian Dividend Trust Declares Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - Core Canadian Dividend Trust (the "Trust") (TSX:CDD.UN) has declared its monthly distribution of C$0.051350 per unit payable April 30, 2007 to unitholders of record as of April 16, 2007. To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

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 $0.051350
Payable Date: April 30, 2007
Record Date: April 16, 2007
Ex-Dividend Date: April 12, 2007

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

Contact Information

  • Mulvihill Structured Products
    John Mulvihill
    President & CEO
    (416) 681-3966 or 1-800-725-7172
    Mulvihill Structured Products
    Don Biggs
    Senior Vice President
    (416) 681-3966 or 1-800-725-7172