/Not for distribution to United States newswire services or for
dissemination in the United
States/
TORONTO, June 28,
2024 /CNW/ - Next Edge Capital Corp. ("Next Edge" or
the "Manager") is pleased to announce that 2028 Investment Grade
Bond Trust (the "Fund") (TSX: IGBT.UN) has declared a distribution
to all Unitholders of record as of June 28,
2024 in the amount of $0.125
per Unit and which will be payable on July
8, 2024.
The Fund will not have a fixed quarterly distribution amount but
intends to make cash distributions quarterly. The Fund's quarterly
distributions are targeted to be approximately $0.125 per Unit per quarter for the Fund's first
four quarters of operation or $0.50
for the Fund's first year of operation.1
About 2028 Investment Grade Bond Trust
The Fund has been created to acquire a portfolio comprised
primarily of debt securities of Canadian companies. The Manager has
retained Ridgewood Capital Asset Management Inc. to provide
portfolio management services to the Fund.
About Next Edge
Next Edge is an investment fund manager and a leader in the
structuring and distribution of alternative, private credit and
value-added fund products in Canada. The firm is led by an experienced
management team that has launched numerous investment solutions in
a variety of product structures and has been responsible for
raising over $3 billion of
alternative assets since 2000.2 Next Edge specializes
and focuses on providing unique, non-correlated pooled investment
vehicles to the Canadian marketplace.
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1 The targeted quarterly
distribution rate is not a projection or prediction of future
results of the Fund. There can be no assurance that the Fund will
achieve the target distribution rate or any particular level of
return. Actual results may vary significantly from the target
distribution rate.
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2
Please note that over CAD $2 billion of the CAD $3 billion of
alternative assets raised relates to assets that were raised at a
previous firm(s).
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Next Edge Capital Corp., 1 Toronto Street, Suite 200,
Toronto, Ontario M5C 2V6.
The Offering is made only by prospectus. The prospectus
contains important detailed information about the securities being
offered. Copies of the prospectus may be obtained from any of the
Agents. Investors should read the prospectus before making an
investment decision.
There are ongoing fees and expenses associated with owning
securities of an investment fund. An investment fund must prepare
disclosure documents that contain key information about the fund.
You can find more detailed information about the fund in these
documents. Investment funds are not guaranteed, their values change
frequently and past performance may not be repeated.
The Units have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or the securities laws of any state of
the United States, and may not be
offered or sold, directly or indirectly, in the United States (as defined in Regulation S
under the U.S. Securities Act) unless registered under the U.S.
Securities Act and applicable securities laws of any state of
the United States or in reliance
on an exemption from such registration requirements. This news
release does not constitute an offer to sell, or a solicitation of
an offer to buy any of the Fund's securities referred to herein in
the United States.
SOURCE Next Edge Capital Corp.