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Thu, March 22, 2012 Front Street MLP Income Fund Ltd. Declares Quarterly Distribution and Expected Distributions for Next 12 Months
March 22, 2012 16:05 ET
Front Street MLP Income Fund Ltd. Declares Quarterly Distribution and Expected Distributions for Next 12 Months
TORONTO, ONTARIO--(Marketwire - March 22, 2012) -
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES
Front Street MLP Income Fund Ltd. (the "Fund") (TSX:MLP.A), is pleased to announce a distribution of $0.15 per Equity Share for the period from January 1, 2012 to the quarter ending March 31, 2012. The distribution is anticipated to be payable on or before April 13, 2012 to Shareholders of record on March 30, 2012.
Front Street Capital is pleased to announce a distribution increase of $0.05 per Equity Share for the 2012 calendar year.
The Fund also announced that the expected quarterly distribution amount for the next 12 months is $0.60 per Equity Share. The determination of such distribution amount was based on Front Street Capital's, the manager of the Fund, estimate of the distributions expected to be made by the MLPs in the Fund's MLP portfolio and the anticipated expenses of the Fund.
FORWARD LOOKING STATEMENTS
Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. When used in this press release, such statements use such words as "may", "will", "expect", "anticipate", "project", "believe", "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
