U.S. Financials Income Fund
TSX : USF.UN

U.S. Financials Income Fund

September 02, 2016 08:18 ET

U.S. Financials Income Fund Confirms Investment Strategy

TORONTO, ONTARIO--(Marketwired - Sept. 2, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

Strathbridge Asset Management Inc. today announces that due to the change to the Global Industry Classification Standard (GICS®) effective September 1, 2016 and the creation of the new Real Estate Sector which was previously included in the Financials Sector, U.S. Financials Income Fund (the "Fund") (TSX:USF.UN) is confirming that it will continue to invest in an actively managed portfolio (the "Portfolio") of 20 to 30 equity securities selected from the S&P 500 Index that are classified as "financials" or "real estate" by Standard & Poor's Global Industry Classification Standard and which have a market capitalization of at least US$10 billion and a credit rating issued by Standard & Poor's® Rating Services, a division of The McGraw-Hill Companies, Inc. of at least A- at the time of purchase. The Portfolio also includes U.S. publicly listed alterative asset management issuers which have a market capitalization of at least US$5 billion at the time of purchase ("Alternative Asset Managers"). U.S. financial issuers may include, but are not limited to, issuers operating in the following financial industry sub -sectors: retail and commercial banking, investment banking, wealth management, insurance, financial exchanges and mortgage Real Estate Investment Trusts ("REITs"). Real estate issuers include companies engaged in real estate development and operation which would also include equity REITs. Alternative Asset Manager issuers may include, but are not limited to, managers or investment advisors who structure, promote, sponsor or operate investment and other funds focused on non-traditional asset classes such as private equity, real estate, commodities and alternative investment strategies.

To generate additional income above the distributions earned on its equity securities, the Fund writes covered call options from time to time in respect of all or a portion of the securities in its Portfolio.

For further information, please contact your financial advisor, call our investor relations line at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Strathbridge Asset Management Inc.
    John Germain
    Senior Vice-President, CFO

    Strathbridge Asset Management Inc.
    121 King Street West, Suite 2600
    Toronto, Ontario, M5H 3T9
    416.681.3966; 1.800.725.7172
    info@strathbridge.com
    www.strathbridge.com