Mavrix Tax Deferred Income Fund will change its monthly distribution from 13¢ per unit to 9¢ per unit for both A and F Classes beginning July 31, Mavrix Fund Management Inc. said Thursday.

“This change allows the fund to retain the excess yield in the underlying portfolio and provide for capital appreciation in line with the objectives of the fund,” Mavrix said in a release.

According to Mavrix, the monthly distribution change will provide unit holders with an approximate current annualized distribution yield of 8% for A and F Classes.

“The monthly distribution remains mostly, if not all, tax
deferred to unit holders,” Mavrix added.

IE