TORONTO, Sept. 26 /CNW/ - MACCs Sustainable Yield Trust (the "Trust")
announced today that the Independent Directors of the Trustee unanimously
approved the following:
1) The Trust is authorized to change auditors from Ernst & Young LLP to
2) The Trust is authorized to amend the Management Fees and Investment
Management Fees provided and to the extent that the Management
Expense Ratio of the Trust does not exceed 4.00%.
3) The following amendments to the declaration of trust are to be made,
effective October 27, 2008:
a) Service Fee Elimination. The Service Fee will be eliminated.
b) Change in Management and Investment Management Fees. The
Management Fee may be increased up to 1.00% from its current
level of 0.45%. Investment Management Fees are to be paid by
the Trust rather than the Manager.
c) Quorum for Unitholder Meetings Changed. Quorum for unitholder
meetings is to be changed from 10% to 20%.
For further information:
For further information: Crown Hill Capital Corporation, Tel: (416)