NexGen Financial Corporation Announces April Sales and Assets Under Management (NFX: TSX.V)
06 Mai 2012 - 11:53AM
PR Newswire (Canada)
TORONTO, May 7, 2012 /CNW/ - NexGen Financial Corporation ("NexGen"
or the "Company") today reported total mutual fund net new money
during the month ended April 30, 2012 of -$0.6 million compared to
$7.1 million for the month ended March 31, 2012. Total assets
under management were $942.6 million at April 30, 2012 compared to
$948.6 million at March 31, 2012, up 5.5% from $893.7 million at
April 30, 2011. On April 30, 2012, NexGen filed its annual
fund prospectus renewal. Following a thorough review of its fund
line up and distribution rates, NexGen has made the following
additions and changes. A new Corporate Bond Fund mandate, to be sub
advised by Baker Gilmore, a Montreal-based Canadian fixed income
manager, was included in the filing which, once approved by the
Regulator, is expected to be available for distribution in June in
eligible Canadian jurisdictions. "The Corporate Bond Fund
launch is in response to advisor demand for additional fixed income
product on which we have been able, historically, to add value
though our unique tax structure", said Laurie Munro, President and
CEO of NexGen. Also as part of that filing, NexGen will adjust the
distribution rate for both the Return of Capital Class and the
Dividend Tax Credit Class of each of NexGen Canadian Dividend and
Income Tax Managed Fund, NexGen Canadian Growth and Income Tax
Managed Fund and NexGen North American Small/Mid Cap Tax Managed
Fund from: (i) $0.75 per security annually ($0.0625 per
security monthly) to $0.30 per security annually ($0.025 per
security monthly) for the Return of Capital Class; and (ii)
$0.60 per security annually ($0.050 per security monthly) to $0.30
per security annually ($0.025 per security monthly) for the
Dividend Tax Credit Class. The adjustment of the distribution rate
was made to bring the rate down to a level that management views
will be sustainable for the long term.
__________________________________________ | |April|March| April |
|SALES ($ Million) |2012 |2012 | 2011 |
|__________________|_____|_____|___________| |GROSS SALES |14.8
|23.4 | 26.5 | |__________________|_____|_____|___________|
|REDEMPTIONS |15.4 |16.3 | 17.9 |
|__________________|_____|_____|___________| |NET SALES |-0.6 | 7.1
| 8.5 | |__________________|_____|_____|___________| | |
|__________________________________________| |ASSETS ($ Million)| |
| |% YOY| |__________________|_____|_____|_____|_____| |TOTAL AUM
|942.6|948.6|893.7| 5.5%|
|__________________|_____|_____|_____|_____| NexGen Financial
Corporation was founded to develop value added investment solutions
for financial advisors and their clients. The firm is focused on
the creation of innovative investment products and services that
meet the needs of Canadians seeking more tax efficient investment
opportunities and greater control over the tax treatment of their
investments. Managed by strong investment professionals, NexGen's
unique Registered and Tax-Managed Fund offerings are well
positioned as attractive investment opportunities for Canadians
looking to alleviate the tax costs associated with traditional
investment solutions. Cautionary Statement on Forward Looking
Information This document may include forward looking statements
within the meaning of securities laws. Forward looking statements
involve certain risks and uncertainties that could cause actual
results to differ materially from what is currently expected.
Accordingly, readers should not place undue reliance on forward
looking statements. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of this
release. NexGen Financial Corporation CONTACT: Laurie Munro,
President & CEO 416-775-3705 lmunro@nexgenfinancial.caNexGen
Financial Corporation36 Toronto Street, Suite 1070Toronto, ON M5C
2C5
Copyright
(TSXV:NFX)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
(TSXV:NFX)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über (TSX Venture Börse): 0 Nachrichtenartikel
Weitere Nexgen Financial Corporation News-Artikel