PICTON Long Short Income Alternative Fund Raises October Payout to CAD 0.0587

Picton Mahoney Asset Management raised the October cash distribution for PICTON Long Short Income Alternative Fund’s exchange-traded units to CAD 0.0587 per unit, giving holders a larger monthly payment than in September.

The September distribution was CAD 0.0481 per unit. The fund’s exchange-traded units trade on the Toronto Stock Exchange under PFIA.

Picton declared October distributions for four other funds, with payments ranging from CAD 0.0306 to CAD 0.0707 per unit. The upper end includes a CAD 0.0707 distribution for PICTON Investment Grade Alternative Fund.

Holders of PFIA units at the close of business Oct. 22 are scheduled to receive the October payment on Oct. 30.