Deans Knight Income Corporation
TSX : DNC

Deans Knight Income Corporation

May 26, 2009 01:53 ET

Deans Knight Income Corporation Announces Initial Monthly Cash Dividend

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2009) - Deans Knight Income Corporation (the "Company") (TSX:DNC) is pleased to announce the commencement of its monthly cash dividend. As outlined in the prospectus of the Company dated March 9, 2009, the initial monthly dividend will be $0.0583 per share, payable on June 30, 2009 to all shareholders of record as at June 15, 2009.

About Deans Knight Income Corporation

Deans Knight Income Corporation is an investment company focused on investing in corporate debt securities, predominantly rated below investment grade. The Company's objective is to maximize the total return for shareholders, consisting of bond price appreciation and income received from bond investments. The Company intends to pay a monthly dividend to shareholders, based on earned income each month. The capital of the Company is actively managed by Deans Knight Capital Management, a respected investment firm based in Vancouver B.C. that has been investing in corporate bonds since its inception in 1992. For information: www.dkincomecorp.com.

Reader Advisory

This press release contains the forward-looking statement relating to the Company's intention to pay a monthly dividend to shareholders. There can be no assurance that the Company will be successful in meeting its monthly dividend objectives. Forward-looking statements are made as of the date of this press release and, other than as required by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.

Contact Information

  • Deans Knight Income Corporation
    Craig Langdon
    Chief Executive Officer and Director
    (604)669-0212
    or
    Deans Knight Income Corporation
    Mark Myles
    Chief Financial Officer
    (604)669-0212
    Website: www.dkincomecorp.com