Montrusco Bolton Income & Growth Fund

Montrusco Bolton Income & Growth Fund

December 18, 2006 08:00 ET

Montrusco Bolton Income & Growth Fund Announces Estimated Distribution

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - Montrusco Bolton Income & Growth Fund (TSX:MBL.UN) announces an estimated distribution for the month ending December 31, 2006 of $0.05833 per unit. The distribution will be paid on January 15, 2007 to unitholders of record on December 29, 2006.

Based upon prevailing market conditions, and the Manager's estimate of distributable cash, the Manager has determined that the indicative distribution amount for 2007 is expected to remain at $0.70 per unit, representing an annual distribution of 7% based on the initial subscription price of $10 per unit. The Manager will, however, re-assess the indicative distribution amount early in the New Year after it has further assessed the impact on the Fund of the proposed "Tax Fairness Plan for Canadians" which was announced on October 31, 2006 by the Federal Minister of Finance.

Contact Information

  • First Asset Funds Inc., the Fund's Administrator
    Rob MacNiven
    Investor Relations
    (416) 642-1289 or 1-877-642-1289