New Providence Income Fund, Ltd. has returned 1.01% net to its investors for the month ended December 31st, 2012 - representing

New Providence Income Fund, Ltd. has returned 1.01% net to its investors for 
the month ended December 31st, 2012 - representing a 19.27% return for the 
year.* 
NASSAU, Bahamas, Jan. 25, 2013 /CNW/ - Sterling Financial Group Inc., 
("Sterling") today announces that New Providence Income Fund, Ltd. (the 
"Fund") has returned 1.01% net to its investors for the month ended December 
31st, 2012 - representing a 19.27% return for the year.  Fund investors are 
being paid out an interim dividend of approximately 12.27%  p.a. compounded 
return which is supplemental to the 7% p.a. preferred return paid out as 
quarterly dividend.* 
Mr. David Kosoy, Chairman and CEO of Sterling Financial Group Inc. stated, "In 
December, we had another strong month closing out the year well above the 
target rate of return for the Fund.  In 2013, we expect to continue to grow 
the Fund as we see an excellent pipeline of loan opportunities." 
The Fund is managed by Sterling who is also the fund promoter, loan 
underwriter, and loan servicer.  The Sterling platform supports the Fund's 
operational, risk management and regulatory requirements. Sterling combines an 
experienced team specialized in managing mortgage loan funds, a strong 
internal infrastructure and partnerships with leading service providers. 
Mr. David Kosoy, Chairman and CEO, Sterling Financial Group Inc. noted, "We 
are a vibrant growing company and would like to welcome Mr. Mike Harris who 
has recently been appointed to the Board of Directors of the New Providence 
Income Fund." 
Mr. Harris was appointed to the Ontario Legislature in 1981 and in 1985 became 
the 22nd Premier of Ontario.  After two consecutive terms, Mr. Harris formed 
his consulting firm, Steane Consulting Ltd., serving as advisor to numerous 
Canadian companies.  Mr. Harris is a Director on several public and private 
boards and served as Chairman of Magna International Inc. until May 2012. His 
current public board directorships include Chartwell Seniors Housing REIT; 
Canaccord Financial; Element Financial; FirstService Corporation; and Route1 
(Chairman of the Board). He also serves on the Advisory Boards of several 
Private Equity Funds including EnerTech Capital and Beringer Capital. 
* Annualized returns are based on an investor that had contributed capital 
into the Fund at inception of the Fund and reinvested all dividend 
distribution payments.  Actual investor returns may be materially different 
than those reported above. 
SFG: Robyn Davis, +1-242-677-1900, rdavis@SterlingBahamas.com; or SageEden: 
Sharell Carroll, +1-242-356-0646, info@SageEdenMedia.com 
SOURCE: Sterling Financial Group Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/25/c8884.html 
CO: Sterling Financial Group Inc.
ST: Ontario
NI: FIN DIV  
-0- Jan/25/2013 21:37 GMT
 
 
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