TORONTO, Feb. 14, 2012 /CNW/ - BlackBridge Capital Management Corp.
("BlackBridge"), the manager of the BlackBridge Opportunistic Bond Fund
(the "Fund"), announced today that effective the close of business
February 14, 2012, it is ceasing distribution, and redemptions, of
units of the Fund. The decision to terminate the Fund is due to a low
number of unitholders and the costs associated with maintaining a small
fund. As a result, the Fund will be terminated on or about April 18,
2012 (the "Termination Date"), following 60 days' written notice
thereof to existing unitholders of the Fund.
The costs associated with the implementation of the termination of the
Fund will be borne by the Fund. Unitholders will not be required to pay
any redemption fees associated with the termination of the Fund.
Unitholders are encouraged to contact their financial advisor to
discuss their investment alternatives.
The Fund will take steps to distribute to each unitholder, his pro rata
share of the proceeds of the net assets of the Fund shortly following,
and no later than 30 day after, the Termination Date.
SOURCE BlackBridge Opportunistic Bond Fund
For further information:
BlackBridge Capital Management Corp.
100 Wellington Street West, Suite 2203
Toronto Dominion Centre
Toronto , ON M5K 1J3