Anchor Managed Defensive Income Fund Declares Quarterly Distributions

TORONTO, March 23, 2016 /CNW/ - The Board of Directors of Scotia Managed Companies Administration Inc. in its capacity as Trustee of Anchor Managed Defensive Income Fund (the "Fund") has declared cash distributions of $0.03125 per Class A Unit, Verus Class A Unit, Class F Unit and Verus Class F Unit payable on March 31, 2016 to holders of record at the close of business on March 23, 2016.

The Fund was created to generate stable quarterly cash distributions, preserve capital and offer potential for consistent long term capital appreciation. The Fund seeks to generate lower volatility returns by investing a maximum of 50% of the total portfolio in equities with the balance invested in preferred shares and debt securities. The investment portfolio may change due to ongoing portfolio transactions of the Fund.

SOURCE Anchor Managed Defensive Income Fund

Investor Relations, Scotia Managed Companies Administration Inc., Trustee of Anchor Managed Defensive Income Fund, Tel: [phone], Email: [email protected], Web site: www.scotiamanagedcompanies.com