Global Dividend Growers Income Fund Will Discontinue Service Fees
02 5월 2017 - 7:00AM
PR Newswire (Canada)
CALGARY, May 1, 2017 /CNW/ - Global Dividend Growers
Income Fund (the "Fund") announces that the Fund has
determined, effective July
1st, 2017, the Fund will discontinue paying the
service fees, which are currently paid to dealers that have
investors who hold units of the Fund. The Fund believes ceasing
to pay service fees will bring it in line with closed-end funds
which have eliminated service fees and will also benefit
unitholders as the Fund will have a lower management expense ratio
and more cash available for investments.
The Fund trades on the Toronto Stock Exchange under the symbol
"GDG.UN".
Statement Regarding Forward-Looking Information: This press
release may contain forward-looking information, including with
respect to ceasing to pay service fees and the benefits to the Fund
of ceasing to pay the service fees. The forward-looking
information contained in this press release constitutes current
expectations, as of the date of this press release, with respect to
the matters covered hereby. Investors and others should not
assume that any forward-looking statement contained in this press
release represents an estimate as of any date other than the date
of this press release.
SOURCE Global Dividend Growers Income Fund
Copyright 2017 Canada NewsWire
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