TORONTO, Dec. 14, 2011 /CNW/ - The Ravensource Fund today announced its semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN). The distribution will be paid on December 30, 2011 to unitholders of record as of December 23, 2011. The amount of the distribution will be increased to $0.27 per unit versus the prior distribution of $0.09 per unit. The increase is a result of greater interest income earned by the Ravensource Fund from its underlying fixed income investments and the requirement to pay out all net income, excluding capital gains, earned in a given fiscal year. As a result of such requirements, the final distribution in a year may exceed the mid-year distribution rate. Looking forward, Ravensource Fund's future distributions will vary depending on the composition of the Ravensource Fund's portfolio between fixed income and equity investments.
Distribution Details
| Distribution Amount: | $0.27 per unit | ||
| Ex-Distribution Date: | December 21, 2011 | ||
| Record Date: | December 23, 2011 | ||
| Payment Date: | December 30, 2011 |
Scott Reid, (416) 250 2845