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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
Home / Markets / Industries / Retail
Monday, July 21, 2008
Sterling Shoes Income Fund: Fund Announces Monthly Cash Distribution of $0.125 Per Unit
Comtex
VANCOUVER, BRITISH COLUMBIA, Jul 21, 2008 (Marketwire via COMTEX) ----Sterling Shoes Income Fund (the "Fund") (TSX:SSI.UN), a Vancouver-based, national specialty footwear retailer, today announced that its Board of Trustees has approved a cash distribution of $0.125 per trust unit for the period from July 1, 2008 to July 31, 2008, payable on August 15, 2008 to unitholders of record at the close of business on July 31, 2008.
Sterling Shoes Limited Partnership (the "Partnership") is continuing to pay equivalent distributions to the exchangeable LP units of the Partnership.
About Sterling Shoes Income Fund
Sterling Shoes Income Fund is a leading Vancouver-based footwear retailer offering a broad selection of private label and brand name shoes and accessories in five Canadian provinces through its six separate retail banners: Sterling, Joneve, Shoe Warehouse, Freedman Shoes, Gia and Sterling Outlet. Since 1987, Sterling Shoes has grown from five shopping mall locations to 148 stores (as at July 21, 2008) located in high-traffic, high-visibility locations within enclosed shopping malls, on high streets and in strip malls. The Fund currently employs over 1,000 employees, and sales of the business for the 12 month period ended March 31, 2008 were $119.8 million. The Fund's units are listed on the Toronto Stock Exchange under the symbol SSI.UN. The Fund's convertible debentures are listed on the Toronto Stock Exchange under the symbol SSI.DB.
Additional information about Sterling Shoes Income Fund can be found in the disclosure documents filed by Sterling.
SOURCE: Sterling Shoes Income Fund
Sterling Shoes Income Fund Daniel S. Gumprich Chief Financial Officer (604) 270-6114 Website: www.SterlingShoesIncomeFund.com
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