OAKVILLE, ON, March 12, 2018 /CNW/ – Global Telecom & Utilities Income Fund, (TSX: HGI.UN), (the “Fund”) announces an expected monthly distribution amount for the following twelve months commencing March 29, 2018 of $0.06 per Trust Unit ($0.72 per annum). This monthly distribution amount remains the same as the regular monthly distribution paid by the Fund since its inception.
The Fund, managed by Harvest Portfolios Group Inc., has been established to provide Unitholders with exposure to an actively managed portfolio comprised primarily of equity securities of global telecom issuers and global utilities issuers.
The Fund’s investment objectives are to provide Unitholders with:
- monthly distributions; and
- capital appreciation.
Founded in 2009, Harvest Portfolios Group Inc. is a Canadian Investment Fund Manager which offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the TSX. If units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash. If the Fund earns less than the amount distributed, the difference is a return of capital.