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Enter Symbol
or Name
USA
CA



Marret Investment Grade Bond Fund
Symbol MIG
Shares Issued 18,081,181
Close 2014-10-21 C$ 11.21
Market Cap C$ 202,690,039
Recent Sedar Documents

Marret Investment to pay $1.45 non-cash distribution

2014-10-22 17:33 ET - News Release

An anonymous trustee reports

MARRET INVESTMENT GRADE BOND FUND ANNOUNCES SPECIAL DISTRIBUTION AND DISTRIBUTIONS FOR THE FOURTH QUARTER

Marret Investment Grade Bond Fund will pay a non-cash special distribution of $1.45 per unit in the form of reinvested distributions on or before Nov. 14, 2014, to unitholders of record at the close of trading on Oct. 31, 2014.

The special distribution is part of the previously announced continuation of the fund for an additional five-year term, which was approved by unitholders at a special meeting held on Oct. 2, 2014, and arises from the scheduled termination of the forward agreement of the fund on Oct. 31, 2014. In connection with the termination of the forward agreement, the fund will dispose of the common share portfolio delivered in accordance with the forward agreement, triggering a realization of any accrued capital gains, which are generally subject to tax in the hands of taxable unitholders when distributed to them.

Following the payment of the special distribution, the additional units of the fund will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the special distribution will equal the number of units outstanding prior to the special distribution.

In addition, the fund will pay its regular distribution of five cents per unit on or before Nov. 14, 2014, to unitholders of record at the close of trading on the Toronto Stock Exchange on Oct. 31, 2014.

On Oct. 31, 2014, as previously announced, certain additional changes to the fund will be implemented in connection with the continuation. Pursuant to these changes, the fund's monthly distribution policy, commencing in November, will be 4.5 cents per unit.

Accordingly, the fund will pay a distribution in the amount of 4.5 cents per unit on or before Dec. 12, 2014, and Jan. 15, 2015, to unitholders of record on Nov. 28, 2014, and Dec. 31, 2014, respectively. Further information relating to these changes can be found in the press release issued by the fund on Oct. 2, 2014, and filed on SEDAR.

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