Strathbridge Asset Management Inc. Announces Special Meeting
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/12/14 -- Strathbridge Asset Management Inc. (TSX: CDD.UN)(TSX: GPF.UN)(TSX: LVU.UN)(TSX: NGI.UN)(TSX: PIC.A)(TSX: PIC.PR.A)(TSX: SBN)(TSX: SBN.PR.A)(TSX: TCT.UN)(TSX: TXT.UN)(TSX: TXT.PR.A)(TSX: UTE.UN)(TSX: WFS)(TSX: WFS.PR.A) (the "Manager"), the manager of Canadian Utilities & Telecom Income Fund, Core Canadian Dividend Trust, Gold Participation and Income Fund, Low Volatility U.S. Equity Income Fund, NDX Growth & Income Fund, Top 10 Canadian Financial Trust, Top 10 Split Trust, Premium Income Corporation, S Split Corp. and World Financial Split Corp. (collectively the "Funds" and each, a "Fund") announced that the Board of Directors of the Manager (in the case of all Funds other than Premium Income Corporation, S Split Corp. and World Financial Split Corp.) and the Board of Directors of each of Premium Income Corporation, S Split Corp. and World Financial Split Corp. have approved a proposal to change the investment restrictions and/or the investment strategy of the Funds.
The purpose of the proposal is to permit the Manager to have greater flexibility in managing each Fund''s portfolio securities and includes (i) increasing the extent to which the Fund may invest in certain portfolio securities (known as the basket) to enhance returns beyond the Fund''s core portfolio holdings, (ii) enabling the Fund to invest in other investment funds to assist in achieving its investment objectives in an efficient manner, (iii) enabling the Fund to invest up to 10% of its net assets to purchase call options on securities in which it is permitted to invest and (iv) enabling the Manager to invest portfolio assets entirely in cash or cash equivalents in its discretion for defensive or other purposes. While some of the Funds currently have the authority to implement one or more of these strategies, the Manager would like all of its Funds to be able to employ such strategies as and when needed for the benefit of its securityholders.
A special meeting of securityholders of the Funds has been called to consider and vote upon the proposal. Further details of the proposal will be outlined in a joint management information circular to be prepared and delivered to securityholders of record of each of the Funds on November 21, 2014.
For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit .
Contacts:
Strathbridge Asset Management Inc.
David Roode
President, Fund Services
416.681.3966; 1.800.725.7172
Strathbridge Asset Management Inc.
121 King Street West Suite 2600
Toronto, Ontario, M5H 3T9
Themen in dieser Pressemitteilung:
strathbridge-asset-management-formerly-mulvihill-capital-management-inc-and-canadian-utilities-amp
telecom-income-fund-and-core-canadian-dividend-trust-and-gold-participation-and-income-fund-and-low-volatility-u-s-equity-income-fund-and-ndx-growth
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Datum: 12.11.2014 - 19:17 Uhr
Sprache: Deutsch
News-ID 1317922
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"Strathbridge Asset Management Inc. Announces Special Meeting
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