Anchor Managed Dividend Growth Fund Declares Quarterly Distributions

TORONTO, Sept. 13, 2016 /CNW/ - The Board of Directors of Scotia Managed Companies Administration Inc. in its capacity as Trustee of Anchor Managed Dividend Growth Fund (the "Fund") has declared cash distributions of $0.05 per Class A Unit, Verus Class A Unit, Class F Unit and Verus Class F Unit payable on September 30, 2016 to holders of record at the close of business on September 22, 2016.

The Fund was created to generate stable quarterly cash distributions and potential for consistent, long term capital appreciation. The Fund invests primarily in a portfolio of high dividend-yielding equities of large TSX listed Canadian companies and REITs and at certain times, may invest in Canadian preferred shares and debt securities. The investment portfolio may change due to ongoing portfolio transactions of the Fund.

SOURCE Anchor Managed Dividend Growth Fund

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