OTTAWA, March 29, 2018 (GLOBE NEWSWIRE) -- Soundvest Capital Management Ltd. (the “Manager”), the manager of Soundvest Equity Fund (formerly, Brookfield Soundvest Equity Fund, the “Fund”) (TSX:BSE.UN), has determined, in accordance with the terms of the Fund’s declaration of trust, to wind-up the Fund on or about June 14, 2018.
As set out in the Fund’s declaration of trust, if the net asset value of the Fund is less than $30 million, the Manager may terminate the Fund in its sole discretion upon not less than 60 days’ and not more than 90 days’ notice to unitholders (“Unitholders”) of the Fund. The net asset value of the Fund as of March 28, 2018 was approximately $5,639,998. After paying, retiring or providing for all liabilities and obligations of the Fund, all Fund property will be distributed rateably among the Unitholders on a pro rata basis. A portion of each Unitholder’s distribution from the Fund shall be designated as payment out of any net income or net realized capital gains of the Fund not previously allocated to Unitholders. Following such distribution, the Fund will terminate.
The manager and investment advisor and portfolio manager for the Funds is Soundvest Capital Management Ltd. (the “Manager”), an established investment advisor, providing investment management services to trusts, foundations, corporations and high net worth individuals.
For more information, please visit www.soundvestcapital.com or contact:
Investor Relations
Tel: 613-236-7361
Email: inquiries@soundvestcapital.com