Utility Split Trust

Utility Split Trust
First Asset

First Asset

April 21, 2009 08:00 ET

Utility Split Trust: Increasing Monthly Distribution

TORONTO, ONTARIO--(Marketwire - April 21, 2009) - Utility Split Trust (TSX:UST.UN) announces an increase in its monthly distribution from $0.025 to $0.05 per Capital Unit for the month ending April 30, 2009. The distribution will be paid on or before May 15, 2009 to unitholders of record on April 30, 2009.

Consistent with the Manager's belief that the equity markets represent significant value at current levels, the Manager has commenced selectively deploying the Fund's cash position, which represented as much as approximately 50% of net assets during the market downturn, in higher income earning utility assets and expects to reduce the Fund's cash position to below 15% in the near future.

Contact Information

  • First Asset
    Rob MacNiven
    Investor Relations
    416-642-1289 or 1-877-642-1289