TORONTO, March 3, 2016 /CNW/ - Global Dividend Fund (TSX: GDP.UN) (the "Fund"). Further to the press release dated February 11, 2016, the TSX has determined to delist the units (Symbol: GDP.UN) of the Fund at the close of business on April 1, 2016 for failure to meet the continued listing requirements of the TSX.
The Fund is continuing to explore issuing units in the Fund on a private placement basis and listing on another Canadian stock exchange and, in the alternative, an orderly wind-up of the Fund. If a decision is made to wind-up the Fund before delisting, the Fund will work with the TSX to continue the listing of the units until the notice period of the wind-up is complete.
The Fund will update unit holders in a timely manner on further developments.
SOURCE Global Dividend Fund
For further information: Daniel Shapiro, Global Dividend Fund, (416) 623-6443