News Releases
Guardian Group of Funds Ltd. (GGOF) announced today that GGOF Monthly High Income Fund will pay two bonus distributions of six cents each on November 15 and December 15, 2004.
These distributions will be in addition to the Fund's regular tax-advantaged monthly distributions of six cents per unit. As of September 30, 2004, the Fund had posted a one-year return of 23.2 per cent, a three-year return of 19.6 per cent, a five-year return of 17.5 per cent and a return of 11.0 per cent since its inception in October 1996. October will mark the Fund's eighth anniversary and 96th straight month of distributing six cents per unit.
"GGOF is well known for its leadership in monthly-pay income funds," said Gavin Graham, Vice-President, Director of Investments at GGOF. "GGOF Monthly High Income Fund anchors our suite of funds, and has performed exceptionally well in these volatile markets."
GGOF Monthly High Income Fund is designed to provide a high level of monthly tax-advantaged distributions, while placing equal emphasis on risk control, return enhancement and capital preservation. Since its inception in 1996, the Fund's investments have been primarily concentrated in income trusts and real estate investment trusts (REITs).
About GGOF
GGOF provides investors with a full product line of 30 mutual funds, diversified by asset class, geographic region and investment style. GGOF, with $4.1 billion of mutual fund assets under management at September 30, 2004, offers its funds exclusively through financial intermediaries.
GGOF is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management and administration and term investments of $283 billion at July 31, 2004.
Sales commissions, service fees, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns for the periods ending September 30, 2004, including changes in unit value and assuming reinvestment of all distributions, and do not take into account sales, redemption or optional charges or income taxes payable to any security holders, which would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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