TORONTO, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Global Dividend Growers Income Fund (the “Fund”) (TSX: GDG.UN) is pleased to confirm the previously announced special distribution to holders of record as at the close of business on December 31, 2021 (the “Record Date”) in the amount of (i) $0.35 per unit in cash; and (ii) $0.35 per unit that was automatically reinvested in additional units determined based on the net asset value per unit as of the Record Date. The payment date for the cash distribution will be January 14, 2022.
The special distribution is the result of two factors. First, the Fund’s successful performance, with an annualized total return of 12.1% since its inception in March 2013, has been accompanied by realized capital gains. Second, the Fund’s Declaration of Trust requires that all taxable income be allocated to unitholders prior to the end of its taxation year.
Unitholders are reminded they may elect to automatically reinvest cash distributions made by the Fund in additional units through participation in the Fund’s Distribution Reinvestment Plan (“DRIP”). Unitholders can enroll in the DRIP program by contacting their investment advisor or Middlefield.
The Fund’s units trade on the Toronto Stock Exchange under the symbol GDG.UN.
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https://www.globenewswire.com/news-release/2022/01/14/2367361/0/en/Global-Dividend-Growers-Income-Fund-Confirms-Previously-Declared-Estimated-Special-Distribution.html