Canada NewsWire
TORONTO, Jan. 15, 2019
TORONTO, Jan. 15, 2019 /CNW/ - CI Investments Inc. ("CI"),
as manager of Precious Metals and Mining Trust (TSX: MMP.UN) and Sentry Select Primary Metals Corp. (TSX: PME), today announced
monthly cash distribution and dividend changes to the two closed-end investment funds.
The changes will be effective beginning with the monthly cash distribution and dividend payable on February 15, 2019 to securityholders of record on January 31, 2019, and are as
follows:
- Precious Metals and Mining Trust's monthly cash distribution will be changed from its current rate of $0.02 per unit to $0.01 per unit.
- Sentry Select Primary Metals Corp.'s monthly cash dividend will be changed from its current rate of $0.025 per Class A share to $0.015 per Class A share.
It is the opinion of the manager of the funds that the distribution and dividend decreases should improve securityholders'
potential total return by maintaining capital in the funds while continuing to provide a reasonable level of monthly cash
payouts.
It is the intention of the manager to re-evaluate from time to time the funds' monthly distributions and dividends in the
context of portfolio return expectations, and to make further changes when they are believed to represent a net benefit to
securtiyholders.
About CI Investments – Trusted Partner in Wealth™
CI Investments is one of Canada's largest investment management companies. It offers a wide range of
investment products and services, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management
firm with $166.1 billion in fee-earning assets as of December 31, 2018.
SOURCE CI Financial Corp.
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