Monday, April 09, 2007

Drip... drip... drip...

The new Canadian Uranium Focused Energy Fund (UF.UN) , put out by Middlefield, which just came onto the (TSX) market last week, plans to offer a DRIP with Optional payments as well. The fund holds Uranium stocks such as Cameco, Denison, Paladin, etc.
The DRIP will start in about 4 months.
Distributions will be quarterly.
Yield will be around 5%.
Units will be purchased at NAV, or if NAV is less than 95% of market price, units will be purchased at 95% of Market price.
Optional cash payment minimum $100

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