CALGARY , May 1, 2017 /CNW/ - REIT INDEXPLUS Income Fund (the "Fund") announces that the Fund has determined, effective July 1 st, 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 "IDR.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 REIT INDEXPLUS Income Fund
View original content: http://www.newswire.ca/en/releases/archive/May2017/01/c1283.html