DNC.CA Profile & Description — Deans Knight Income Corp
Deans Knight Income is a closed-end, non-redeemable investment company. Co.'s investment objectives are to maximize the total return for common shareholders, consisting of dividend income and capital appreciation; and to provide shareholders with monthly dividends targeted to payout a minimum of 75% of net earnings annually, which have been initially set at C$0.0583 per share per month. Co. invests primarily in corporate debt securities rated BBB or below by recognized credit rating organizations. Co. may also invest in investment grade debt securities rated above BBB and non-rated debt securities from time to time. As of Dec 31 2009, Co.'s total investment at fair value was C$113,245,040.