Pathfinder Convertible Debenture Fund is now Pathfinder Income Fund
Distribution target is 6.5% per year
The fund will continue past May 30 in order to hold two private positions
Cash distributions targeted at 6.5% per year
Maximum permitted leverage rises to 35% of the assets of Ridgewood Canadian Investment Grade Bond Fund
Subscription price to be determined
TD Securities Inc. acted as the fund’s agent
Alert outlines what closed-end funds are, and how they differ from traditional mutual funds
Initial distribution target is 6.0% per year
Initial distribution target is 6.5% per year