Flaherty & Crumrine Investment Grade Preferred Income Fund Declares Special Year End Distribution

Not for distribution to U.S. newswire services or for dissemination in the United States.TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — (TSX: FFI.UN) For the year ended December 31, 2019, Flaherty & Crumrine Investment Grade Preferred Income Fund (the “Fund”) estimates that it will generate income of approximately $0.02 per unit in excess of its previously announced distributions for the year. As a result, the Fund is pleased to announce a special cash distribution of $0.02 per unit to unitholders of record at the close of business on December 31, 2019. The special cash distribution will be paid on or before January 15, 2020.
Special year-end distributions have been paid by the Fund in eight of the last nine years as income also exceeded regular annual distributions during those years. The Fund has paid out $17.17 per unit in cash distributions since inception through to November 30, 2019.Unitholders are reminded that the Fund offers a distribution reinvestment plan (“DRIP”) which provides unitholders with the ability to automatically reinvest distributions and realize the benefits of compound growth of their investment. Unitholders can enroll in a DRIP program by contacting their investment advisor.About Brompton Funds
Founded in 2000, Brompton is an experienced investment fund manager with approximately $2 billion in assets under management. Brompton’s investment solutions include TSX traded closed-end funds and exchange-traded funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email [email protected] or visit our website at www.bromptongroup.com
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