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Sentry Select Primary Metals Corp. (TSX: PME) and Precious Metals and Mining Trust (TSX: MMP.UN) announce changes to their monthly cash distributions and dividends

TORONTO , Jan. 15, 2019 /CNW/ - CI Investments Inc. ("CI"), as manager of Precious Metals and Mining Trust (MMP-UN.TO) and Sentry Select Primary Metals Corp. (PME.TO), 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. (CIX.TO), 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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