Toronto, June 19, 2001: 60Plus Income Trust (the Trust) has declared a regular quarterly income distribution of C$0.50 per Unit payable June 29, 2001 to unitholders of record on such date. In addition, the Trust has declared a special distribution of $0.25 per Unit payable June 29, 2001 to unitholders of record on such date for a total distribution to unitholders of $0.75 per Unit.
60Plus Income Trusts investment objectives are to provide Unitholders with a stable stream of quarterly distributions of at least $0.50 per Unit. The Trust intends to achieve its investment objectives by investing in a diversified portfolio consisting principally of common shares issued by corporations selected from the S&P/TSE 60 Index. The Trust may also, from time to time, invest up to 20% of the cost amount of its assets in (i) common shares issued by the top 60 corporations selected on the basis of market capitalization from the S&P 100 Index or (ii) American Depository Receipts (ADRs) of the top 60 corporations selected on the basis of market capitalization whose ADRs are trading on the New York Stock Exchange or NASDAQ.
To generate additional
returns above the dividend income earned on the portfolio, the Trust will
from time to time, write covered call options in respect of all or part
of the common shares in the Portfolio. In addition, the Trust may write
cash covered put options in respect of securities in which the Trust is
permitted to invest.
The Trusts investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. Trust Units are listed on The Toronto Stock Exchange under the symbol SIX.UN.