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Low Volatility U.S. Equity Income Fund Announces Semi-Annual Results

Aug 16 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 08/16/13 -- Low Volatility U.S. Equity Income Fund (the "Fund") (TSX: LVU.UN) announces results for the period from March 13, 2013 to June 30, 2013. Net increase in net assets from operations amounted to $0.7 million or $0.31 per unit. Net assets were $20.3 million or $9.52 per unit, net of distributions to unitholders in the amount of $0.3 million or $0.12 per unit.

The Fund's investment objectives are (i) to maximize risk adjusted returns for unitholders; and (ii) to pay unitholders monthly cash distributions in an amount targeted to be 5.0% per annum on the NAV per unit.

The Fund achieves its investment objectives by actively investing in a conservative portfolio consisting of large capitalization equity securities selected from the S&P 100 Index with a beta of less than 1.0. Beta is a financial term used as a measure of a security's or a portfolio's return in relation to the market. A beta of less than 1.0 indicates that the price of a security will generally vary to a lesser extent than the movement of the market and a beta of greater than 1.0 indicates that the price of a security will generally vary to a greater extent than the movement of the market.

The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting ("SSO"), to enhance the income generated by the portfolio and to reduce volatility. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

The Fund's investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The Fund's units are listed on the TSX under the symbol LVU.UN.

----------------------------------------------------------------------------Selected Financial Information: ($ Millions)----------------------------------------------------------------------------Statement of Financial Operationsfor the period from March 13, 2013 to June 30, 2013(Unaudited)Revenue $ 0.1Expenses (0.2) --------Net Investment Loss $ (0.1)Net Gain on Investments 0.8 --------Net Increase in Net Assets from Operations $ 0.7----------------------------------------------------------------------------



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 www.strathbridge.com.

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 or toll free 1.800.725.7172
info@strathbridge.com
www.strathbridge.com





Source: Marketwire


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