Pinebridge Investment Grade Preferred Securities Fund Announces Monthly Cash Distribution and the Targeted Portfolio Duration
TORONTO, ONTARIO--(Marketwired - Feb. 17, 2016) - PineBridge Investment Grade Preferred Securities Fund (TSX:PRF.UN) (the "Fund") announced today a cash distribution for the month of March. Unitholders of record at the close of business on February 29, 2016 will receive a cash distribution in the amount of $0.125 per unit, payable on or about March 14, 2016.
In addition, the Fund also announced that the targeted weighted average duration of the Fund's portfolio will remain at 4.5 years for the next 12 months.
Further information about PineBridge Investment Grade Preferred Securities Fund can be found at www.bmocm.com/investorsolutions under "Closed-End Funds".
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