Crown Hill Capital Corporation announces the termination of Investment Grade Trust
TORONTO, Nov. 29, 2012 /CNW/ - Crown Hill Capital Corporation (the "Corporation), the manager and trustee of Investment Grade Trust (the "Trust"), announces that, in accordance with the amended and restated declaration of trust dated February 24, 2003, the Trust will be terminated on December 31, 2012 (the "Termination Date"). Units of the Trust will be delisted at the close of business on Monday, December 31, 2012.
Unitholders of record of the Trust on the Termination Date will receive a cash amount equal to the net assets of the Trust (the "Termination Proceeds"). Payment of the Termination Proceeds is expected to occur by mid-January 2013 (the "Payment Date").
The Termination Proceeds and the Payment Date will be announced by the Corporation in a subsequent press release in early January 2013.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.
SOURCE: INVESTMENT GRADE TRUSTFor further information:
please contact the Investor Relations department at 416.361.9673 or toll-free at 1.877.261.9674.