TORONTO, ONTARIO -- (Marketwire) -- 01/09/13 -- Man Investments Canada Corp. ("Man Canada"), the manager of Man GLG Emerging Markets Income Fund (TSX: EMY.UN) (the "Fund"), is pleased to announce that its anticipated monthly cash distribution for 2013 will be $0.04415 per unit per month or $0.5298 per unit per annum.
The Fund determines annually its anticipated monthly distribution target for the following year. The distribution rate was determined based upon prevailing market conditions and Man Canada's estimate of distributable cash flow for the 12 months ending December 31, 2013. This represents an annual yield of 6.0% based on the Net Asset Value of $8.83036 per unit as at December 31, 2012.
Notes to editors:
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. As at September 30, 2012, Man managed US$60.0 billion.
The original business was founded in 1783. Today, Man is listed on the London Stock Exchange and is a member of the FTSE 250 Index with a market capitalization of around US$2.4 billion.
Man is a signatory to the United Nations Principles for Responsible Investment (PRI) and a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsoring the Man Booker literary prizes and the Man Asian Literary Prize. Further information can be found at www.man.com.
Founded in 1995, GLG has established itself as one of the largest alternative asset managers in the world. GLG also manages an extensive portfolio of traditional long-only funds.
The culture at GLG is based around fostering top fund management talent within a teamwork based environment. This ensures fund managers have a strong platform to deliver consistent investment performance.
GLG aims to exceed client expectations through attractive investment returns, transparency and outstanding client service. The firm has received a number of awards and ratings at a company, fund and individual manager level.
-- US$26.3 billion in assets under management (as at September 30, 2012)-- Acquired by Man Group in Q4, 2010-- GLG has an extensive and diverse suite of investment products-- GLG's investment expertise spans all major geographic regions-- GLG seeks attractive investment returns, transparency and outstanding client service
Notice to readers:
Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment services.
Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
Man Investments Canada Corp.
Man Investments Canada Corp.
Toll-free at 1 877 860-1080 or 416 775-3600