NDX Growth & Income Fund Announces Semi-Annual Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 08/21/15 -- NDX Growth & Income Fund (the "Fund") (TSX: NGI.UN) announces results of operations for the six months ended June 30, 2015. Decrease (increase) in net assets attributable to holders of Class A units (Class U units) amounted to C$0.76 per Class A unit (C$0.29 per Class U unit). Net assets attributable to holders of Class A units (Class U units) as at June 30, 2015 were C$27.2 million (US$1.7 million) or C$8.73 per Class A unit (US$8.80 per Class U unit). Cash distributions of C$0.30 per Class A unit and US$0.30 per Class U unit were paid during the period.
The Fund''s investment objectives are to provide unitholders with (i) stable quarterly cash distributions; and (ii) the opportunity for capital appreciation.
The Fund will seek to achieve its investment objectives by investing in a portfolio consisting primarily of the top 20 highest yielding constituents of the NASDAQ-100 Index(SM)("NASDAQ 100"). The NASDAQ 100 includes 100 of the largest U.S. domestic and international non-financial securities listed on the NASDAQ Stock Market based on market capitalization. Each top 20 security will continue to be held in the portfolio until it is reconstituted. The portfolio will be reconstituted annually (portfolio constituents selected) on December 31st of each year to include the then top 20 highest yielding securities of the NASDAQ 100.
The Manager intends to strategically write covered call options from time to time, in respect of not more than 33% of the securities in the portfolio, in order to generate additional income above the distributions earned on the equity securities and to reduce the overall volatility of the portfolio.
The Fund''s investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The Class A units are listed on the TSX under the symbol NGI.UN and the Class U units do not trade on an exchange.
For further information, please contact your financial advisor, call our investor relations line at 416.681.3966, toll free at 1.800.725.7172 or visit .
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Contacts:
Strathbridge Asset Management Inc.
Aaron Ho
Vice, President, Finance
416.681.3966; 1.800.725.7172
Strathbridge Asset Management Inc.
121 King Street West, Suite 2600
Toronto, Ontario, M5H 3T9
416.681.3966; 1.800.725.7172
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Datum: 21.08.2015 - 14:03 Uhr
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