Global Dividend Growers Income Fund Announces Special Distribution, Payable on January 14, 2022
January 14, 2022 at 04:41 pm EST
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Global Dividend Growers Income Fund confirmed the previously announced special distribution to holders of record as at the close of business on December 31, 2021 (the Record Date) in the amount of $0.35 per unit in cash; and $0.35 per unit that was automatically reinvested in additional units determined based on the net asset value per unit as of the Record Date. The payment date for the cash distribution will be January 14, 2022. The special distribution is the result of two factors.
First, the Fund's successful performance, with an annualized total return of 12.1% since its inception in March 2013, has been accompanied by realized capital gains. Second, the Fund's Declaration of Trust requires that all taxable income be allocated to unit holders prior to the end of its taxation year.
Global Dividend Growers Income Fund (the Fund) is a closed-end investment fund. The investment objectives of the Fund are to provide unitholders with stable monthly cash distributions and to grow distributions over time and enhance long-term total return through capital appreciation of the Fund's investment portfolio. The Fund invests approximately 30% and till approximately 70% of its assets in an equally weighted passively managed diversified portfolio consisting of the equity securities of publicly listed issuers by market capitalization globally, which have exhibited cumulative dividend growth of approximately 10% over the five-year period ending on the date prior to the date of re-balancing, as well as an indicated dividend yield of approximately 3%. The Fund invests in a range of sectors, such as technology, utilities, consumer discretionary, financials, healthcare, communication services, consumer staples, and industrials. Middlefield Limited is the manager of the Fund.
GLOBAL DIVIDEND GROWERS INCOME FUND 
