TORONTO, Jan. 15, 2019 /CNW/ - CI Investments Inc.
("CI"), as manager of Precious Metals and Mining Trust (TSX:
MMP.UN) and Sentry Select Primary Metals Corp. (TSX: PME), today
announced monthly cash distribution and dividend changes to the two
closed-end investment funds.
The changes will be effective beginning with the monthly cash
distribution and dividend payable on February 15, 2019 to securityholders of record on
January 31, 2019, and are as
follows:
- Precious Metals and Mining Trust's monthly cash distribution
will be changed from its current rate of $0.02 per unit to $0.01 per unit.
- Sentry Select Primary Metals Corp.'s monthly cash dividend will
be changed from its current rate of $0.025 per Class A share to $0.015 per Class A share.
It is the opinion of the manager of the funds that the
distribution and dividend decreases should improve securityholders'
potential total return by maintaining capital in the funds while
continuing to provide a reasonable level of monthly cash
payouts.
It is the intention of the manager to re-evaluate from time to
time the funds' monthly distributions and dividends in the context
of portfolio return expectations, and to make further changes when
they are believed to represent a net benefit to
securtiyholders.
About CI Investments – Trusted Partner in Wealth™
CI Investments is one of Canada's largest investment
management companies. It offers a wide range of investment products
and services, and is on the Web at www.ci.com. CI is a
subsidiary of CI Financial Corp. (TSX: CIX), an independent,
Canadian-owned wealth management firm with $166.1
billion in fee-earning assets as of December 31,
2018.
SOURCE CI Financial Corp.
