Summit Industrial Income REIT Announces December 2017 Cash Distribution

Summit Industrial Income REIT Announces December 2017 Cash Distribution

Canada NewsWire

TORONTO, Dec. 15, 2017 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.043 per Unit cash distribution to be paid on January 15, 2018 to Unitholders of record on December 31, 2017.

Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity to elect to have their cash distributions reinvested in additional units of Summit II. Details about the DRIP and registration forms can be found on Summit II’s website at www.summitIIreit.com or at www.sedar.com.

About Summit
Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial properties across Canada. Summit’s units are listed on the TSX and trade under the symbol SMU.UN. For more information, please visit our web site at www.summitIIreit.com.

Caution Regarding Forward Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends”, “goal” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning the goal to build Summit’s property portfolio. The forward-looking statements and information are based on certain key expectations and assumptions made by Summit, including general economic conditions. Although Summit believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Summit can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties include, but are not limited to, tenant risks, current economic environment, environmental matters, general insured and uninsured risks and Summit being unable to obtain any required financing and approvals. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward looking information for anything other than its intended purpose. Summit  undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Summit Industrial Income REIT

View original content: http://www.newswire.ca/en/releases/archive/December2017/15/c3703.html

MainStay DefinedTerm Municipal Opportunities Fund Renames As MainStay MacKay DefinedTerm Municipal Opportunities Fund

MainStay DefinedTerm Municipal Opportunities Fund Renames As MainStay MacKay DefinedTerm Municipal Opportunities Fund

PR Newswire

NEW YORK, Dec. 15, 2017 /PRNewswire/ — MainStay DefinedTerm Municipal Opportunities Fund (the “Fund”) (NYSE: MMD) today announced a name change to MainStay MacKay DefinedTerm Municipal Opportunities Fund, effective as of February 28, 2018. The investment team and process will remain the same.

For additional information, please visit the Fund’s website at www.mainstayinvestments.com/mmd or by calling the Fund’s shareholder servicing agent at (855) 456-9683.

There are risks inherent in any investment, including market risk, interest rate risk, credit risk and the possible loss of principal. There can be no assurance that the Fund’s investment objectives will be achieved. Shares of closed-end funds frequently trade at a discount from their net asset value, which may increase investor risk.

About MainStay Funds

MainStay is the mutual fund family of New York Life Insurance Company. MainStay provides access to a powerful mix of autonomous, institutional investment managers, delivered by experienced professionals who understand the needs of today’s investors. For more information on MainStay, please visit mainstayinvestments.com.

About MacKay Shields LLC

MacKay Shields LLC (“MacKay”) serves as the Fund’s investment sub-advisor. MacKay is an indirect wholly-owned subsidiary of New York Life Insurance Company and a wholly-owned subsidiary of New York Life Investment Management Holdings LLC. MacKay is a fixed-income focused investment management firm with $99.4 billion in assets under management as of September 30, 2017. MacKay manages fixed income strategies for high-net worth individuals, institutional clients, and mutual funds, including unconstrained bond, global high yield, high yield, high yield active core, municipal high yield, short duration high yield, low volatility high yield, municipal short term, core investment grade, municipal investment grade, core plus, core plus opportunities, convertibles, emerging markets credit, and bank loans.

Media Contact:
Allison Scott | New York Life | 212-576-4517 | allison_scott@newyorklife.com

Investors Contact:
855-456-9683 

Cision View original content:http://www.prnewswire.com/news-releases/mainstay-definedterm-municipal-opportunities-fund-renames-as-mainstay-mackay-definedterm-municipal-opportunities-fund-300572058.html

SOURCE MacKay Shields LLC

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for December of $0.0530 per Unit

Ridgewood Canadian Investment Grade Bond Fund Declares Monthly Distribution for December of $0.0530 per Unit

Canada NewsWire

TSX Symbol: RIB.UN

TORONTO, Dec. 15, 2017 /CNW/ - Ridgewood Canadian Investment Grade Bond Fund is pleased to announce that a cash distribution of $0.0530 per unit has been declared.  The monthly distribution equates to an annualized distribution rate of 5.30% on an initial subscription price of $12.00 per unit.  The distribution is payable on January 15, 2018 to Unitholders of record at the close of business on December 29, 2017.

For more information please call John H. Simpson, CFA, Managing Director, Ridgewood Capital Asset Management Inc. at (416) 479-2751.

About Ridgewood Canadian Investment Grade Bond Fund:

The Fund will seek to achieve the following investment objectives: (i) to provide unitholders with monthly cash distributions targeted to be 5.3% per annum on the original issue price of $12.00 per unit; and (ii) to maximize total returns for unitholders while preserving capital in the long term.

About Ridgewood Capital Asset Management Inc.:

Ridgewood is an independent investment manager that manages approximately $1.2 billion in assets for a diversified client base of high net worth individuals, foundations/endowments, First Nation mandates and institutional accounts, of which approximately $775 million is invested in fixed income assets.

 

SOURCE Ridgewood Canadian Investment Grade Bond Fund

View original content: http://www.newswire.ca/en/releases/archive/December2017/15/c6299.html