MINT Income Fund Will Discontinue Service Fees
02 Mai 2017 - 12:00AM
PR Newswire (Canada)
CALGARY, May 1, 2017 /CNW/ - MINT Income Fund
(the "Fund") announces that the Fund has determined, effective
July 1st, 2017, the Fund
will discontinue paying the service fees, which are currently paid
to dealers that have investors who hold units of the Fund.
The Fund believes ceasing to pay service fees will bring it
in line with closed-end funds which have eliminated service fees
and will also benefit unitholders as the Fund will have a lower
management expense ratio and more cash available for
investments.
The Fund trades on the Toronto Stock Exchange under the symbol
"MID.UN".
Statement Regarding Forward-Looking Information: This press
release may contain forward-looking information, including with
respect to ceasing to pay service fees and the benefits to the Fund
of ceasing to pay the service fees. The forward-looking
information contained in this press release constitutes current
expectations, as of the date of this press release, with respect to
the matters covered hereby. Investors and others should not
assume that any forward-looking statement contained in this press
release represents an estimate as of any date other than the date
of this press release.
SOURCE MINT Income Fund
Copyright 2017 Canada NewsWire
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