The Montrusco Bolton Income & Growth Fund has filed a preliminary prospectus with the provincial securities regulators for an initial public offering of trust units.

The fund is designed to provide investors with high monthly cash distributions by investing in an actively managed portfolio of income trusts and common shares traded on a North American exchange.

Monstrusco Bolton Investments Inc. (MBI), based in Montreal, is the fund’s portfolio manager. MBI is a wholly owned subsidiary of Montrusco Bolton Inc., which is controlled by First Asset Management Inc.

As at September 30, MBI managed total assets of approximately $4.6 billion.

The syndicate of agents for this offering is being led by National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., and includes BMO Nesbitt Burns Inc., Desjardins Securities Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Dundee Securities Corp. and First Associates Investments Inc.