Star Portfolio Corp.

Star Portfolio Corp.

January 17, 2012 09:54 ET

Star Portfolio Corp. Announces Monthly Cash Distribution for Star Yield Managers Class

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2012) - Star Portfolio Corp. (the "Corporation") (TSX:XYM) announced today cash distributions for Star Yield Managers Class (the "Fund"). Shareholders of record at the close of business on January 31, 2012 will receive cash distributions in the form of return of capital of $0.05 per share, payable on or about February 14, 2012.

The $0.05 per share distribution represents a decrease of $0.02 per share from the previously declared monthly distribution of $0.07 per share. As disclosed in the Corporation's prospectus in connection with its initial public offering dated September 28, 2010, the Fund does not have a fixed distribution, but intends to make monthly distributions based on the actual and expected distributions and returns generated by the Fund's underlying portfolios, less the Fund's estimated expenses. The distribution change reflects a decrease in the actual and expected aggregate distributions and returns generated by the Fund's underlying portfolios.

Further information about Star Yield Managers Class can be found at under "Closed-End Funds".

Contact Information

  • BMO Capital Markets