Coxe Global Agribusiness Income Fund
TSX : CAG.UN

Coxe Global Agribusiness Income Fund

June 18, 2014 16:36 ET

Coxe Global Agribusiness Income Fund Announces Quarterly Cash Distribution and Annual Indicative Distribution Amount

TORONTO, ONTARIO--(Marketwired - June 18, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

COXE GLOBAL AGRIBUSINESS INCOME FUND (TSX:CAG.UN) (the "Fund") announced today a cash distribution for the second quarter. Unitholders of record at the close of business on June 30, 2014 will receive a cash distribution of $0.10 per unit payable on or about July 14, 2014. The $0.10 per unit distribution represents a decrease of $0.025 per unit from the previously declared quarterly distribution of $0.125 per unit.

The Fund also announced today that, based upon the prevailing market conditions and the anticipated income from the Fund's portfolio for the upcoming year, the annual indicative distribution amount of the Fund for the upcoming year will be $0.40 per unit.

The quarterly and annual indicative distribution change reflects a smaller asset base of the Fund and lower market volatility in the agribusiness sector.

The Fund does not have a fixed distribution, but will annually determine and announce in June of each year an indicative distribution amount for the following year based upon the prevailing market conditions and the anticipated income from the Fund's portfolio. The Fund will make formal distribution announcements on a quarterly basis. The amount of distributions may fluctuate from quarter to quarter and there can be no assurance that the Fund will make any distribution in any particular quarter or quarters or that the indicative distribution target will be met.

Further information about Coxe Global Agribusiness Income Fund can be found at www.bmocm.com/bmosp under "Closed-End Funds".

Contact Information

  • BMO Capital Markets
    1.866.864.7760