Picton Mahoney Tactical Income Fund Announces Target Monthly Distribution Rate for 2019 and Monthly Distribution for January 2019
January 15, 2019 at 05:30 pm IST
fixed distribution, distributions are targeted to be 5% per annum of the net asset value per unit. Monthly distributions are now targeted to be equal to $0.0334 per unit for Class A and $0.0360 per unit for Class F moving forward. The change in targeted monthly distribution for the Fund takes into account many factors, including but not limited to, the Fund's current and expected earnings, the overall market environment and Picton Mahoney's current economic and market outlook. The Fund has also declared a monthly distribution for Class A of $0.0334 per unit ($0.4008 per unit on an annualized basis) and for Class F of $0.0360 per unit ($0.4320 per unit on an annualized basis) for the month of January 2019.