B.E.S.T. Total Return Fund Inc. Announces Postponement of Special Meeting
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/26/15 -- B.E.S.T. Total Return Fund Inc. (the "Fund") announces that it has postponed its special meeting of shareholders (the "Special Meeting") that was scheduled to take place on July 28, 2015 in Toronto, Ontario. The Special Meeting is being postponed while the Fund considers certain matters in connection with the Fund''s proposed voluntary wind-up and dissolution.
Shareholders are referred to the Notice of Record Date and Meeting Date in respect of the Special Meeting that was filed on SEDAR on May 26, 2015. A new date to be determined for the Special Meeting will be announced in due course.
About B.E.S.T. Total Return Fund Inc.
B.E.S.T. Total Return Fund Inc., established in 2003, is registered as a labour sponsored investment fund corporation in Ontario and a registered labour-sponsored venture capital corporation federally. The Fund seeks to hold a balanced portfolio of investments with both income and growth objectives.
Cautionary Note and Forward-Looking Statements
This press release contains forward-looking statements which include, but are not limited to, statements regarding the expected completion of the Wind-Up, net asset value of the shares, cash on hand or other statements that are not statements of fact. There can be no assurances that any transaction will be completed. These statements are not guarantees of future events and involve assumptions, risks, and uncertainties that are difficult to predict. Although the Fund believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, risks associated with the Wind-Up, such as: the failure to satisfy the conditions of the Wind-Up and failure to obtain the necessary approvals for the Wind-Up (including shareholder approval). Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: the Fund will be able to satisfy the conditions to the Wind-Up; the required approvals will be obtained from the shareholders of the Fund; and all third party regulatory and governmental approvals in connection with the Wind-Up, as applicable, will be obtained and all other conditions to completion of the Wind-Up will be satisfied or waived. Should one or more of the risks or uncertainties involved in forward-looking statements materialize, or should the assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements are qualified entirely by this cautionary statement and are given only as at the date of this press release. The Fund disclaims any obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
B.E.S.T. Total Return Fund Inc.
John Richardson
416-203-7331 ext. 228/ 1-800-795-BEST
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Datum: 26.06.2015 - 06:58 Uhr
Sprache: Deutsch
News-ID 1368751
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Kategorie:
Venture Capital
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