Star Portfolio Corp.

Star Portfolio Corp.

April 19, 2013 08:30 ET

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

TORONTO, ONTARIO--(Marketwired - April 19, 2013) - Star Portfolio Corp. (TSX:XYM) announced today cash distributions for Star Yield Managers Class. Shareholders of record at the close of business on April 30, 2013 will receive cash distributions of $0.05 per share, payable on or about May 14, 2013. The distributions will be payable in the form of return of capital (representing 60.0% of the distribution) and in the form of dividend (representing 40.0% of the distribution). The dividend portion has been designated by Star Portfolio Corp. to be an "eligible dividend" for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

Please consult with your own tax advisor for advice with respect to the income tax consequences to you of Star Portfolio Corp. designating dividends paid on its shares as "eligible dividends".

Further information about Star Yield Managers Class and the Eligible Dividend Designation can be found at under "Closed-End Funds".

Contact Information

  • BMO Capital Markets