VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/09/10 -- The ACM Commercial Mortgage Fund grew by $2.9 million in net new subscriptions during the second quarter of 2010. As of June 30th, the fund has over $84 million in total assets. The portfolio manager has issued commitments for $13 million of high quality new mortgage investments which will fund in the third quarter.
Quarterly Highlights:
- Yield Premium: Monthly Net Distributions of 5.62% p.a. (Class F units) and 5.15% p.a. (Class B/C/D/E units)
- Capital Protection: Stable Net Asset Value closing the quarter at $109.4410/unit
- Sales Growth: $2.9 million in Net Subscriptions for the Second Quarter of 2010
- Best of Class: the ACM Commercial Mortgage Fund is ranked 5 star by both Globefund and Morningstar and is rated "A" by Fundgrade
The Quarterly Report for the period ended June 30, 2010 is available at www.acma.ca.
The ACM Commercial Mortgage Fund provides superior returns to its investors from stable, cash flowing investments, secured by a pool of Canadian commercial mortgages prudently underwritten by ACM Advisors Ltd. As an open-ended private mutual fund trust, this fund is available to private and institutional investors within both registered and non-registered accounts.
ACM Advisors Ltd., the fund's portfolio manager, is a privately owned portfolio management company based in Vancouver. Presently, ACM Advisors Ltd. has assets under management of $980 million in various fixed-income funds. Since inception in 1992, funds managed by ACM Advisors Ltd. have never experienced a loan loss.
This news release has been prepared for information purposes only and should not be construed as a solicitation for, or offering of, an investment in securities. These securities can only be purchased by way of Offering Memorandum. The returns calculated above for the three month period ended June 30, 2010 include reinvested distributions.
Contacts:
ACM Advisors Ltd.
Chris Brown
Director - Retail Funds
(604) 661-0671
(604) 682-3265 (FAX)
cbrown@acma.ca
www.acma.ca