TORONTO, ONTARIO--(Marketwired - Aug. 20, 2014) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES
Front Street Capital 2004 ("the Manager") has announced an increase in the monthly distribution of the Front Street Resource Growth and Income Class (the "Fund").
Beginning August 31, 2014 shareholders in the Front Street Resource Growth and Income Class will receive $.023 each month (or $0.276 annually), representing an increase of 15% over the current distribution level. The Fund's annual yield will be approximately 4%.
Portfolio manager Craig Porter says "eight of the top ten energy holdings in the Fund have increased their distributions in 2014. The Fund is primarily exposed to Canadian energy companies, many of which have increased distributions multiple times. We are pleased to pass along this increased cash flow to shareholders."
The fundamental investment objective of the Fund is to provide current income and long-term capital appreciation by investing primarily in a diversified portfolio of North American resource equity and income securities. The Fund's investment advisor has the discretion to adjust the amount of the distribution or the yield from time to time. Please read the Fund's prospectus before investing.
Front Street Capital has been providing Canadians with innovative funds for over 10 years, including growth, income and tax-minded portfolios offered as mutual funds, hedge funds, flow-through limited partnerships and trusts. Front Street Capital is focused on giving Canadian investors and advisors access to a broad range of investments which can fill core and strategic roles in an investor's portfolio.