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Pathfinder Income Fund Reminds Investors of the Upcoming Merger and Announces a Special Distribution

Written by Customer Service on . Posted in Public Companies.

CALGARY, Alberta, June 25, 2020 (GLOBE NEWSWIRE) — Pathfinder Income Fund (the “Fund”) (TSX: PCD.UN) wishes to remind investors that the monthly cash distribution for June will be paid on June 29, 2020, prior to the upcoming merger of the Fund into INDEXPLUS Income Fund (“Indexplus”) on or about July 8, 2020 (the “Merger”).
After the Merger, monthly distributions will be paid by Indexplus, a mutual fund that is expected to provide unitholders with increased liquidity and a reduced management fee.In addition, it is announcing a special distribution will be made to holders of record as at the close of business on June 30, 2020. Subject to a final review of the Fund’s taxable income prior to the Merger, it is expected that the special distribution will be approximately $0.30 per unit, which will be automatically reinvested in additional units to be determined based on the net asset value per unit as of June 30, 2020. Immediately following the issuance, the units of the Fund will be automatically consolidated such that the number of units will remain unchanged from the number outstanding immediately prior to the special distribution.The Fund’s units trade on the Toronto Stock Exchange under the symbol PCD.UN.For further information, please visit our website at www.middlefield.com or contact Nancy Tham or Michael Bury in our Sales and Marketing Department at 1.888.890.1868.

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