Propel Capital Corporation - Distributions Press Release

TORONTO, Sept. 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, North American REIT Income Fund and North American Preferred Share Fund.

Quarterly Distributions:

For the quarter ending September 30, 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	September 30, 2013	October 15, 2013
Canadian High Yield Focus Fund	CAH.UN	$0.19500	September 30, 2013	October 15, 2013
Diversified Alpha Fund II	AFT.UN	$0.15000	September 30, 2013	October 15, 2013

Monthly Distributions:
For months ending September, October and November 2013, the Strategic Income Allocation Fund, North American REIT Income Fund and North American Preferred Share 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	September 30, 2013	October 15, 2013	$0.05417
Strategic Income Allocation Fund	SIF.UN	October 31, 2013	November 15, 2013	$0.05417
Strategic Income Allocation Fund	SIF.UN	November 29, 2013	December 13, 2013	$0.05417
North American REIT Income Fund	NRF.UN	September 30, 2013	October 15, 2013	$0.05000
North American REIT Income Fund	NRF.UN	October 31, 2013	November 15, 2013	$0.05000
North American REIT Income Fund	NRF.UN	November 29, 2013	December 13, 2013	$0.05000
North American Preferred Share Fund	NPF.UN	September 30, 2013	October 15, 2013	$0.11460
North American Preferred Share Fund	NPF.UN	October 31, 2013	November 15, 2013	$0.11460
North American Preferred Share Fund	NPF.UN	November 29, 2013	December 13, 2013	$0.11460

SOURCE: Propel Capital Corporation

please call Raj Lala, President, Propel Capital at 416-572-2364 or visit  
www.propelcapital.ca