Skylon International Advantage Yield Trust Announces Upcoming Termination

TSX Symbol: 
SIA.UN
SIA.U

TORONTO, Dec. 17, 2013 /CNW/ - Skylon International Advantage Yield Trust (the "Trust") announced today that the Trust will redeem all of its outstanding redeemable, transferable units (the "Units") on December 31, 2013 (the "Redemption Date") as contemplated by the constating documents of the Trust. The Trust will request that the Units be delisted from the Toronto Stock Exchange after the close of trading on December 23, 2013. Thereafter, the Trust may pay a special distribution to all Unitholders of record on December 31, 2013 prior to redeeming the Units. Such distribution will reduce the redemption price per Unit by an equivalent amount. The distribution, if any, together with the redemption proceeds for the Units, will be paid by the Trust on or about January 5, 2014 through CDS Clearing and Depository Services Inc.  It is anticipated that the Units will be redeemed at their net asset value per unit on the Redemption Date.

As the Trust is terminating, it will not pay its regular monthly distributions of $0.1042 per Series A Unit or US$0.0417 per Series B Unit to unitholders of record on December 31, 2013.

The Series A Units are currently listed on the Toronto Stock Exchange under the symbol SIA.UN and the Series B Units are currently listed on the Toronto Stock Exchange under the symbol SIA.U.

SOURCE: CI Investments Inc.

CI Investments Inc.
[phone]
1-800-268-9374