Picton Mahoney Tactical Income Fund Announces Target Monthly Distribution Rate for 2021 and Monthly Distribution for January 2021
TORONTO, Jan. 15, 2021 /CNW/ - (TSX: PMB.UN) Picton Mahoney Tactical Income Fund (the "Fund"), a closed-end investment fund, announced today the target monthly distribution rate for 2021. While the Fund does not have a 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 $0.0339 per unit for Class A and $0.0369 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 $0.0339 per unit ($0.4068 per unit on an annualized basis) and for Class F of $0.0369 per unit ($0.4428 per unit on an annualized basis) for the month of January 2021. The distribution will be paid on or before February 22, 2021 to unitholders of record as at January 29, 2021.
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