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TORONTO, May 24, 2013 /CNW/ - Marret Asset Management Inc. ("Marret")
announces that the average net asset value of the units (the "Units")
of the Marret High Yield Strategies Fund (MHY.UN) (the "Fund") on the
first four valuation dates occurring in May 2013 was $9.49. As a
result, the annual conditional redemption right applicable to the Units
has been triggered. Units may be redeemed at the option of unitholders
on July 30, 2013 (the "Annual Redemption Date"). Unitholders will have
until 5:00 p.m. (Toronto Time) on or before July 16, 2013 to tender
units for redemption. The payment date for units redeemed will be on or
before August 14, 2013. Units so redeemed will be redeemed at a
redemption price equal to the net asset value per Unit on the Annual
Redemption Date, less any costs associated with the redemption,
including commissions and other such costs, if any, related to the
partial settlement of the Fund's Forward Agreement to fund such
About Marret Asset Management Inc.
Marret Asset Management Inc. is an employee owned credit fixed income
manager based in Toronto. Marret's experienced team of investment
professionals led by Barry Allan specialize exclusively in fixed income
and, particularly, in high yield debt strategies.
SOURCE: Marret Asset Management Inc.
For further information:
For further information on the Fund, contact Peter Rizakos at 416.640.4256, firstname.lastname@example.org or Marcus Spain at 416.306.3894., email@example.com, or about Marret, go to www.marret.com