COMPASS Announces June 2004 Distribution and Investment Update.TORONTO -- COMPASS Income Fund (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CMZ (programming) CMZ - A portable interactive code management system from CodeME S.A.R.L in use in the high-energy physics community. .UN) is pleased to announce that a distribution of $0.075 per trust unit will be payable on July 15, 2004 to unitholders of record on June 30, 2004. Total returns for COMPASS for the periods ending April 30, 2004, based on its net asset value, were as follows:
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6 Months 1 Year
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+8.2% +25.6%
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COMPASS is an investment trust which combines the investment management experience of both Middlefield and Guardian Capital LP, who act as Co-Advisors to the Fund, responsible for asset mix and security selection. The objectives of COMPASS are to provide unitholders with a stable monthly income stream of 9% per annum Per annum Yearly. on the original issue price and to return the original price upon termination of the Fund in December 2009. The Fund is invested in a diversified portfolio of income trusts with an emphasis on business trusts, supplemented by REITs, power and pipeline trusts and oil and gas royalty trusts royalty trust An ownership interest in certain assets, generally crude oil or gas production and real estate. Unlike the usual corporate organization, a trust arrangement permits income and tax benefits to flow through to the individual owners. . The asset class weightings for the COMPASS Investment Portfolio as at May 31, 2004 are:
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Asset Class Portfolio Weighting
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Business Trusts 46.9%
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Real Estate Investment Trusts 21.9%
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Power and Pipeline Trusts 20.8%
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Oil and Gas Royalty Trusts 9.9%
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Cash 0.5%
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The Fund's Distribution Reinvestment Plan reinvestment plan See dividend reinvestment plan (DRIP). allows unitholders to automatically reinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. monthly distributions in additional units of the Fund. This feature provides unitholders with an excellent opportunity to benefit from compounding by investing distributions at a high reinvestment rate Reinvestment Rate The rate at which cash flows from fixed-income securities may be reinvested. Notes: Because of the additional interest income, bondholders can make larger investment returns if they reinvest received coupon payments. . The Plan also allows participants to purchase additional units for cash. The optional cash purchases require a minimum of $100 per payment. Please contact your investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and or Middlefield to enroll in the Plan. The trust units trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CMZ.UN. This press release contains forward looking information. Actual future results may differ materially. The risks, uncertainties and other factors that could influence actual results are described in the COMPASS annual report to unitholders and other documents filed with regulatory authorities. |
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