TORONTO, May 16, 2014 /CNW/ - Covington Capital Corp. ("Covington")
announced today the completion of the previously announced en bloc sale
of the venture portfolio of Covington Venture Fund Inc. ("CVF")
attributable to the Class A Shares, Series I-V (the "Affected Series")
to Covington Fund II Inc.
Following completion of the transaction, CVF intends to complete the
amendment to its articles and implement the redemption of mature shares
of the Affected Series, all as described in CVF's management
information circular dated March 24, 2014 and as approved by
shareholders at CVF's special meeting of shareholders held on April 23,
About Covington Group of Funds
Founded in 1995, Covington Capital Corporation (www.covingtonfunds.com)
is one of Canada's largest and most experienced venture capital fund
providers. Managing close to $300 million in venture capital assets on
behalf of institutional and retail investors, Covington invests in
small-and-medium sized businesses throughout many industry sectors.
Covington Capital Corporation is headquartered in Toronto, Ontario.
SOURCE: Covington Group of Funds
For further information:
EVP Business Development
Covington Group of Funds