Blue Ribbon Income Fund Announces New Monthly Distributions
The Blue Ribbon Income Fund (TSX: RBN.UN) is pleased to share details regarding its upcoming monthly distributions. The Fund will distribute $0.04 per unit each month, specifically for record dates from October through December.
Distribution Schedule Details
Here’s a closer look at the distribution schedule:
Distribution Record Dates
Unitholders should note the specified record dates:
- October 31, with payments scheduled for November 14.
- November 29, leading to payments on December 13.
- December 31, for payments to be made on January 15 of the following year.
Historical Performance and Total Distributions
Since its inception in 1997, the Blue Ribbon Income Fund has demonstrated a strong track record. The Fund has paid an impressive cumulative cash distribution of $21.69 per unit, highlighting its commitment to providing unitholders with consistent returns.
Benefits of the Distribution Reinvestment Plan
The Fund offers a distribution reinvestment plan (DRIP) that allows unitholders to reinvest their distributions automatically and without commission. This initiative is designed to leverage the advantages of compound growth. Interested unitholders can enroll in the DRIP program by reaching out to their investment advisors.
Investor Relations
If you require further information regarding your investments or the Fund itself, you can contact your investment advisor directly. Additionally, you can reach out to Brompton’s investor relations line at 416-642-6000 or toll-free at 1-866-642-6001. For inquiries via email, please connect with info@bromptongroup.com. Visit the official website at www.blueribbonincomefund.com for more details.
Market Information
It’s important for potential investors to consider that unit transactions on the Toronto Stock Exchange may involve brokerage fees. Furthermore, when buying or selling units, investors could end up paying more than the current net asset value. This can lead to receiving less than the net asset value upon selling.
Ongoing Fees and Investment Insights
Investors should be aware of the ongoing fees and expenses associated with owning units of an investment fund. Comprehensive disclosure documents are necessary, providing key insights about the Fund. More detailed information can be accessed through public filings available at www.sedarplus.ca. It is crucial to understand that investment funds are not guaranteed, and their values can fluctuate frequently, with past performance not necessarily indicative of future results.
Frequently Asked Questions
What is the monthly distribution amount for the Fund?
The Fund has declared a monthly distribution of $0.04 per unit.
How can I participate in the DRIP program?
Unitholders can enroll in the distribution reinvestment plan by contacting their investment advisors.
How long has the Blue Ribbon Income Fund been active?
The Fund has been operational since September 1997, showcasing a strong history of cash distributions.
Where can I find more information regarding the Fund?
Additional information can be found on their official website or by contacting their investor relations office.
What should I know about trading fees?
Investors may incur brokerage fees when buying or selling units on exchanges, which could impact their overall investment experience.
