MINT Income Fund Declares Distribution for the First Quarter of 2016, Payable on February 12, 2016, March 15, 2016, and April 15, 2016 Respectively
January 13, 2016 at 10:47 pm
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MINT Income Fund announced a change in its distribution for the first quarter of 2016 from its current monthly rate of $0.06 per unit. This change will be effective beginning with the monthly cash distribution and will remain at this level until further guidance is provided by the Fund. The company announced that distribution of $0.04 per trust unit for the first quarter of 2016 will be payable to unitholders on February 12, 2016, March 15, 2016, and April 15, 2016 respectively with record date as on January 31, 2016, February 29, 2016, and March 31, 2016 respectively.
MINT Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high income securities on a cost-effective basis. The Fund invests in a diversified portfolio of securities consisting primarily of high-yielding equity securities of issuers operating in various industries and geographic regions. It invests in various sectors, such as energy, real estate, utilities, financials, healthcare, pipelines, industrials, materials, metals and mining, technology, consumer discretionary, and communication services. The Fund's investment manager is Middlefield Limited. Middlefield Capital Corporation (MCC) is the investment advisor of the Fund.