Goodman Gold Trust

TSX : GGT.UN


Goodman Gold Trust

December 16, 2013 17:05 ET

Goodman Gold Trust Announces December 2013 Distribution and Implementation of Distribution Reinvestment Plan

TORONTO, ONTARIO--(Marketwired - Dec. 16, 2013) - Goodman Gold Trust (the "Trust") (TSX:GGT.UN) is pleased to announce a distribution of $0.80 per trust unit ("Unit") to be paid on January 28, 2014 to holders of Units ("Unitholders") of record on December 31, 2013 (the "2013 Distribution").

The Trust is also pleased to announce that it has adopted a distribution reinvestment plan (the Plan). The Plan provides eligible Unitholders a convenient means to purchase additional Units by reinvesting their cash distribution at the closing market price of the Units on the business day preceding the distribution date without having to pay commissions, service charges or brokerage fees. Units purchased pursuant to the Plan will be issued from treasury.

A completed enrollment form must be received by Computershare Trust Company of Canada, the Administrator of the Plan, by no later than 4:00 p.m. (Toronto time) on January 15, 2014 in order for a Unitholder's 2013 Distribution to be reinvested under the Plan. A Unitholder whose Units are registered in the name of a nominee should contact his or her nominee as soon as possible to confirm the process for enrollment.

The Trust has been advised that Dundee Corporation, which owns 21.9% of the outstanding Units, intends to participate in the Plan. Dundee Corporation is the parent of the manager of the Trust, Goodman & Company, Investment Counsel Inc. ("Goodman & Company").

All Unitholders that are residents of Canada are eligible to participate in the Plan. Participation in the Plan will not be accepted from any person or person's agent who is not an eligible Unitholder. Eligible Unitholders who hold their Units through a broker, financial institution or other nominee must enroll in the Plan through their nominee holder. Unitholders resident outside Canada, in countries other than the United States of America, will be eligible to participate in the Plan if the laws of their countries of residence permit their participation.

Unitholders that are "U.S. Persons" within the meaning of U.S. federal securities laws are not eligible to participate in the Plan. The Units and the Units to be issued pursuant to the Plan are not, and will not be, registered under the United States Securities Act of 1933, as amended, and accordingly, the Units issued pursuant to the Plan are not being publicly offered for sale in the United States or in any of the territories or possessions thereof or any other jurisdictions or to or for the benefit of "U.S. Persons".

The full text of the Plan can be obtained on the Trust's website at www.goodmanandcompany.com and on SEDAR's website at www.sedar.com.

Goodman & Company will determine the amount of the Trust's 2014 annual distribution in the first quarter of 2014.

About the Trust:

Goodman Gold Trust was established in late 2007 to provide Unitholders with inflation protection, capital preservation and long-term capital appreciation through a portfolio consisting of precious metals and the securities of precious metals, mineral issuers and mineral related issuers.

Contact Information

  • Goodman & Company, Investment Counsel Inc.
    Brett Whalen
    Vice-President and Portfolio Manager
    416-365-5059
    www.goodmanandcompany.com