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Investment Grade Trust Announces Distribution For Period ending June 30, 2009

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  Published in Business and Finance on Tuesday, June 23rd 2009 at 13:03 GMT, Last Modified on 2009-06-23 13:03:57 by Market Wire
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 TORONTO, June 23 /CNW/ -Investment Grade Trust (TSX: BND.UN) today announces a distribution for the period from January 1, 2009 to June 30, 2009 of $0.25 per unit of Investment Grade Trust ("Unit") payable on July 13, 2009 to holders of Units ("Holders") of record as at June 30, 2009. Investment Grade Trust's objectives are: i) to provide Holders with a stable stream of tax efficient semi-annual distributions consisting primarily of capital gains and return of capital of approximately $0.25 per Unit ($0.50 per annum to yield 5.00% on the subscription price of $10.00 per Unit); and ii) to return an amount per Unit equal to the original subscription price of $10.00 per Unit to Holders on or about December 31, 2012. Investment Grade Trust is listed on The Toronto Stock Exchange under the symbol BND.UN. To provide additional liquidity, Trust Units are also redeemable at the end of each calendar year for an amount equal to the net asset value per Unit. %SEDAR: 00018717E 

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