CALGARY, Jan. 28 /CNW/ - Brickburn Asset Management Inc., manager of
Dominion Equity Resource Fund Inc. (the "Fund"), announces that the Fund has
changed its name to Brickburn Funds Inc. effective January 23, 2008. The
investment objectives and policies of the Fund remain unchanged. However, the
investment portfolio, objectives and policies of the Fund now pertain to the
Dominion Equity Resource Growth Class, Series MF Shares, leaving other classes
and series to have other investment portfolios, objectives and policies once
new mutual funds are constituted, qualified and issued.
On January 1, 2008, the Fund filed articles of amendment ("Articles of
Amendment") to create twenty-six separate classes of non-voting special shares
(i.e. classes A through Z), each class constituting, in effect, a separate
mutual fund once properly constituted, qualified and issued. Each class of
special shares is, in turn, issuable in series. Holders of special shares are
not entitled to receive notice of or to attend any meeting of the shareholders
of the Fund or to vote at any such meeting, subject to certain exceptions. In
addition, the Fund created a class of common shares which are voting shares
but are subordinate to all classes of special shares as to participation in
the assets of the Fund on liquidation, dissolution or wind-up of the Fund.
The filing of the Articles of Amendment had the effect of converting the
mutual fund shares of the Fund into Class A Shares, Series I special shares.
The Board of Directors has designated the Class A Shares, Series I as
"Dominion Equity Resource Growth Class, Series MF Shares". Currently, all of
the common shares of the Fund are held by Brickburn Asset Management Inc.
Shareholders of the Fund passed a special resolution authorizing the Fund
to file the Articles of Amendment at a meeting shareholders held on July 5,
2007. It should be noted that while the intention is to create a family of
corporate mutual funds, the Dominion Equity Resource Growth Class, Series MF
Shares represent the only corporate mutual fund within the family until such
time as additional funds are constituted, qualified and issued.
For further information:
For further information: William D. Bonner, President, Brickburn Asset
Management Inc., William D.B. Koenig, President, Brickburn Funds Inc., Ph:
(403) 303-4488, Fax: (403) 303-4489, Email: email@example.com; Website: