U.S. Housing Recovery Fund Announces Monthly Cash Distribution and Annual Indicative Distribution Amount
TORONTO, ONTARIO--(Marketwired - Nov 18, 2014) - U.S. Housing Recovery Fund (TSX:USH.UN) (the "Fund") announced today a monthly cash distribution for the month of December for Class A Units and Class F Units. Unitholders of record at the close of business on November 28, 2014 will receive a cash distribution of $0.05 per unit, payable on or about December 12, 2014.
The Fund also announced today that, based upon the prevailing market conditions and the estimate by Aston Hill Capital Markets Inc., the portfolio manager of the Fund, of distributable cash flow for the year, the annual indicative distribution amount of the Fund for the 12 months ending December 31, 2015 will continue to be $0.60 per unit.
The Fund does not have a fixed distribution policy and will make formal distribution announcements on a monthly basis. The amount of distributions may fluctuate from month to month and there can be no assurance that the Fund will make any distribution in any particular month or months or that the indicative distribution target will be met.
Further information about the Fund can be found at www.bmocm.com/investorsolutions under "Closed-End Funds".
