SASKATOON, Feb. 9, 2016 /CNW/ - Golden Opportunities Fund Inc. ("Golden Opportunities" or the "Fund") is pleased to announce that the Fund will now provide investors the option to invest in a newly created series of shares to be referenced collectively as the "F Series".
The F Series offering is in response to recent changes in the regulatory environment and at the request of Advisors and Dealers operating under fee-based compensation models. The F Series, intended for sale in fee-based accounts, will not pay sales commissions, trailer fees to sub-agents of the Fund or be subject to deferred sales charges (early redemption fees). The F Series will, in all material respects, have the same rights, redemption features, tax credit eligibility and attributes as the existing Class A Shares, Class I Shares and Class R Shares.
All of Golden Opportunities' existing share classes will remain the same and will continue to pay sales commission and trailer fees to sub-agents of the Fund. The existing share classes are currently, and will continue to be, available for sale without interruption.
The designation of the new F Series shares with corresponding fund codes, which are now available, are as follows: GOF 507 Class A-F (SK), GOF 508 Class A-F (MB), GOF 509 Class I-F (SK), GOF 510 Class I-F (MB) and GOF 511Class R-F (SK). Each series of shares shall be individually allocated their proportional share of all investments and other assets of the class of which they form a part.
The Fund has filed an amended prospectus in the Provinces of Saskatchewan and Manitoba containing important detailed information relating to the securities of the Fund. Securities of the Fund are only sold by registered dealers under the amended prospectus. Copies of the prospectus may be obtained from registered dealers or on SEDAR at www.sedar.com. Investors should read the prospectus before making an investment decision.
About Golden Opportunities Fund Inc.: Golden Opportunities is Saskatchewan's longest-standing Provincial labour-sponsored venture capital corporation. Founded in 1999, the Fund has support from over 28,000 shareholders. The Fund is managed by Westcap Mgt. Ltd., Saskatchewan's largest venture capital and private equity Fund Manager with over half a billion of assets under management – ranked as Top 10 Most Active Private Equity Investors in Canada by the Canadian Venture Capital & Private Equity Association, released in August 2015.
Neither the Saskatchewan Financial and Consumer Affairs Authority nor the Manitoba Securities Commission has approved nor disapproved the information contained herein.
SOURCE Golden Opportunities Fund Inc.
For further information: Grant Kook, President and CEO, Westcap Mgt. Ltd., 830 - 410 - 22nd St., E., Saskatoon, SK, Tel: (306) 652-5557; Wanda Hunchak, Vice President, Westcap Mgt. Ltd., 830 - 410 - 22nd St., E., Saskatoon, SK, Tel: (306) 652-5557