Faircourt Asset Management Inc. Announces Intention to Wind-up Faircourt Resource Fund Limited Partnership
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TORONTO, Dec. 4, 2013 /CNW/ - Faircourt Asset Management Inc, as Manager for the Faircourt Resource Fund Limited Partnership (the "Fund") today announces that it intends to wind-up the Fund on or about December 31, 2013. The Fund resulted from the merger of 5 flow-through funds in 2009 and has allowed investors to participate in the Canadian Resource Market. However, the Manager has determined that it is in the best interests of the limited partners to wind-up the Fund at this time.
The Fund's existing portfolio will be converted into cash and the net cash (after deduction for expenses) will be distributed to the Fund's limited partners. This distribution is expected to be made prior to year-end.
SOURCE Faircourt Asset Management Inc.For further information:
For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact: Faircourt Client Service (416) 364-8989 or 1-800-831-0304.