/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
TORONTO, Jan. 21 /CNW/ - Creststreet Asset Management Limited today
announced that on January 18, 2008, the rollover of Creststreet 2006 (II)
Limited Partnership, CUSIP No. 22629Y-10-0, ("Creststreet 2006 (II) LP") into
Creststreet Resource Class Shares (the "Creststreet Resource Fund") of
Creststreet Mutual Funds Limited (the "Mutual Fund") was completed. The assets
of Creststreet 2006 (II) LP were exchanged on a tax-deferred basis for
Creststreet Resource Fund - 2008 Series shares (the "Shares") (Fund Code:
CAM108) of equal value. Immediately after the rollover on January 18, 2008,
Creststreet 2006 (II) LP was dissolved. Limited Partners of the Creststreet
2006 (II) LP received 0.72245865893 Shares for each Creststreet 2006 (II) LP
unit held. The Net Asset Value of the Creststreet 2006 (II) LP at the time of
the rollover was $5.72.
The Shares will be redeemable and exchangeable beginning February 22,
2008. This is earlier than May 30th, 2008, the date previously set by the
Mutual Fund for redemption of Shares. The Mutual Fund does not charge
redemption fees. Creststreet offers three additional mutual fund classes,
Creststreet Managed Income Fund, Creststreet Managed Equity Index Fund and
Creststreet Alternative Energy Fund, allowing investors to switch between fund
classes to further diversify their investment on a tax-deferred basis.
Creststreet Mutual Funds are also RRSP eligible.
About the Creststreet Resource Fund
The Creststreet Resource Fund retains a balanced portfolio of oil and
natural gas-weighted assets as well as holdings in companies with
international assets and exposure to alternative energy sectors.
To track the performance of Creststreet Mutual Funds and for further
information on Creststreet Mutual Funds additional fund classes, please visit
our website www.creststreet.com, where we update Net Asset Values on a weekly
Creststreet is an investment management firm specializing in structuring
and managing high quality energy focused investment products for Canadian and
international institutional and high net worth investors. Since its inception
in 2000, Creststreet has raised over $970 million for investment in resource
and renewable energy companies.
For further information:
For further information: Grant Bunker, Vice-President, Business
Development, Creststreet Asset Management Limited, Tel: (416) 628-2161,