Marret High Yield Strategies Fund
TORONTO, May 27, 2011 /CNW/ - Marret Asset Management Inc. ("Marret")
announces that the average of the Net Asset Values of the Units of the
Marret High Yield Strategies Fund (the "Fund") on the first four
Valuation Dates occurring in May 2011 was $10.98. As a result, the
Annual Conditional Redemption Right applicable to the Units has not
been triggered. Units may only be redeemed on an Annual Redemption Date
(the last business day in July) if the average of the Net Asset Values
of the Units on the first four Valuation Dates occurring in the month
of May preceding the Annual Redemption Date is less than $10.00.
About Marret Asset Management Inc.
Marret Asset Management Inc. is an employee-owned firm based in Toronto
and has over $5.7 billion of assets under management as at April 30,
2011. Marret and its experienced team of investment professionals led
by Barry Allan specialize exclusively in fixed income and,
particularly, in high yield debt strategies. Barry Allan, the President
and Chief Investment Officer, founded Marret in 2000, following a
career at Altamira, Nesbitt Thomson and a Canadian chartered bank. Mr.
Allan has over 30 years of experience in credit and fixed income
SOURCE Marret Asset Management Inc.
For further information:
on the Fund, contact Peter Rizakos at 416.640.4256, email@example.com or Marcus Spain at 416.306.3894., firstname.lastname@example.org, or about Marret, go to www.marret.com