Europe Blue-Chip Dividend & Growth Fund Declares Quarterly Distribution

Europe Blue-Chip Dividend & Growth Fund Declares Quarterly Distribution

Canada NewsWire

TORONTO, Jan. 20, 2016

TORONTO, Jan. 20, 2016 /CNW/ - The Board of Directors of EBC Ltd., as general partner of EBC Limited Partnership, Trustee for Europe Blue-Chip Dividend & Growth Fund (the "Trust") has today declared a cash distribution of $0.15 per Trust Unit.

Record and payment dates are as follows:

Record Date

Payment Date

Distribution Amount/Trust Unit

March 31, 2016

April 15, 2016

$0.15

Unitholders are entitled to receive quarterly distributions as declared by the Trust.  The Trust generally intends to make quarterly distributions based on the dividends and other distributions received on the underlying portfolio and premiums realized by the Trust pursuant to its option writing strategy less the operating expenses. It is expected that the quarterly distributions received by Unitholders will be characterized primarily as income and capital gains for tax purposes.

The Trust's investment objectives are to provide unitholders with: (i) stable quarterly distributions; and (ii) the opportunity for capital appreciation through investment exposure to an equally-weighted portfolio comprised of the 20 highest yielding equity securities included in the Europe Dow.

The units of the Trust are listed for trading on The Toronto Stock Exchange under the symbol EBC.UN.

SOURCE Europe Blue-Chip Dividend & Growth Fund

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