Propel Capital Corporation - Distributions Press Release - AZTV7/Cable 13, Me-TV 7.2, HSN 7.3, Phoenix-Prescott, AZ

Propel Capital Corporation - Distributions Press Release

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SOURCE Propel Capital Corporation

TORONTO, March 20, 2013 /CNW/ - Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II, Strategic Income Allocation Fund and North American REIT Income Fund.

Quarterly Distributions:
For the quarter ending March 28, 2013 the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund and Diversified Alpha Fund II will make the following distributions. These distributions are expected to consist primarily of return of capital.

Fund	TSX Symbol	Distribution Amount (per unit)	Record Date	Payment Date
Canadian Convertibles Plus Fund	CCI.UN	$0.15625	March 28, 2013	April 15, 2013
Canadian High Yield Focus Fund	CAH.UN	$0.19500	March 28, 2013	April 15, 2013
Diversified Alpha Fund II	AFT.UN	$0.15000	March 28, 2013	April 15, 2013

Monthly Distributions:
For months ending March, April and May 2013, the Strategic Income Allocation Fund and the North American REIT Income Fund will make the following distributions. The Strategic Income Allocation Fund distributions are expected to consist primarily of return of capital.

Fund	TSX Symbol	Record Date	Payment Date	Distribution Amount (per unit)
Strategic Income Allocation Fund	SIF.UN	March 28, 2013	April 15, 2013	$0.05417
Strategic Income Allocation Fund	SIF.UN	April 30, 2013	May 15, 2013	$0.05417
Strategic Income Allocation Fund	SIF.UN	May 31, 2013	June 14, 2013	$0.05417
North American REIT Income Fund	NRF.UN	March 28, 2013	April 15, 2013	$0.05000
North American REIT Income Fund	NRF.UN	April 30, 2013	May 15, 2013	$0.05000
North American REIT Income Fund	NRF.UN	May 31, 2013	June 14, 2013	$0.05000