Brickburn Funds Inc. announces change in Fund's investment objective
The Fund's investment objective was previously as follows: "The Fund is designed to provide holders of the shares with a stable monthly stream of distributions, which shall be determined on an annual basis by Brickburn Asset Management Inc., and the potential for medium to long-term capital appreciation by investing in small to mid-capitalization companies. For the purposes of this Fund a small to mid-capitalization company will be defined as a company with a market capitalization up to
The Manager proposed, and shareholders of the Fund approved, that the investment objective of the Fund should be changed to being as follows: "The Fund is designed to provide holders of the shares with a stable monthly stream of distributions, which shall be determined on an annual basis by Brickburn Asset Management Inc., and the potential for medium to long-term capital appreciation by investing primarily in a diversified portfolio of dividend-paying and/or distribution-paying Canadian equity and income securities including common and preferred shares, real estate investment trusts, trust units, other high yield instruments and corporate debt."
The Manager is seeking to amend the Fund's investment objective in order to provide the Fund with a broader mandate that includes larger capitalization companies. The Manager believes that this change is in the best interests of the Fund and its shareholders and intends to immediately appoint Vantage Point Investment Management Inc. as sub-advisor for the Fund. Vantage Point is a boutique portfolio management firm based in
For further information: Mr. William D. Bonner, Chairman, Brickburn Funds Inc., (403) 303-4488
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