|Bid||8.65 x 0|
|Ask||8.77 x 0|
|Day's Range||8.78 - 8.87|
|52 Week Range||7.82 - 8.87|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (6.83%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||N/A|
TORONTO, Jan. 24, 2020 (GLOBE NEWSWIRE) -- (RBN-UN.TO) Blue Ribbon Income Fund (the “Fund”) announces distributions in the amount of $0.05 per unit per month for record dates from January to March 2020. At this time, the Fund expects that this will be the monthly distribution rate for 2020 with formal announcements made quarterly. Since the Fund’s inception in September 1997, the Fund has paid cash distributions of $19.38 per unit.
TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) -- (RBN-UN.TO) Blue Ribbon Income Fund (the “Fund”) has renewed its normal course issuer bid to purchase up to 1,400,900 units of the Fund representing approximately 10% of the public float of 14,009,156 units. The Fund may purchase up to 282,183 units in any 30 day period which is 2% of the 14,109,156 issued and outstanding units at November 25, 2019. As of November 25, 2019, the Fund had purchased 279,900 units of the 1,625,500 units approved under its current bid at an average price of $8.11 per unit.
The Fund invests in a portfolio consisting primarily of Canadian high income equities. The investment objectives of the Fund are to provide unitholders with monthly cash distributions and the opportunity to participate in gains in the value of the Fund’s investment portfolio. The Fund has a current distribution of $0.60 per annum, and since inception on September 17, 1997 to August 31, 2019, the Fund has paid cash distributions of $19.18 per unit.