Mavrix Fund Management Inc. Completes the Rollovers of the Mavrix Explore 2007-II Limited Partnership and the Mavrix Quebec 2007-II Limited Partnership



    TORONTO, Aug. 11 /CNW/ - Mavrix Fund Management Inc. ("Mavrix") today
announced that on August 10, 2009, it completed the rollover of the Mavrix
Explore 2007-II FT Limited Partnership ("LP") and the rollover of the Mavrix
Quebec 2007-II Limited Partnership ("LP") into the Mavrix Multi Series Fund
Ltd.-Explorer Series.
    As at the rollover date, the net asset value of the Mavrix Explore
2007-II FT LP was $1.89632 per unit. Each investor in the Mavrix Explore
2007-II FT LP will receive 0.207475 shares of the Mavrix Multi Series Fund
Ltd.-Explorer Series for each LP unit held on a tax-deferred basis.
    As at the rollover date, the net asset value of the Mavrix Quebec 2007-II
FT LP was $3.10412 per unit. Each investor in the Mavrix Explore 2007-II FT LP
will receive 0.339619 shares of the Mavrix Multi Series Fund Ltd.-Explorer
Series for each LP unit held on a tax-deferred basis.
    The Mavrix Multi Series Fund-Explorer Series (the "Fund") is a class of
redeemable shares of the Mavrix Multi Series Fund Ltd., a multi class mutual
fund corporation. The Fund's primary investment objective is to seek long-term
capital growth by investing in a diversified portfolio of Canadian resource
issuers. To achieve this objective, the Fund invests solely in the Mavrix
Explorer Fund that pursues the same investment objective mandate. Mavrix also
offers five other share classes, the Mavrix Multi Series Fund Ltd.-Canadian
Equity Series, Mavrix Multi Series Fund Ltd.-Canadian Growth Series, Mavrix
Multi Series Fund Ltd.-Income Series, Mavrix Multi Series Fund Ltd.-North
American Growth Series and Mavrix Multi Series Fund Ltd.-Short Term Income
Series. The six classes provide investors the opportunity for further
investment diversification and switches between classes are tax deferred.

    
    About Mavrix Fund Management Inc.
    ---------------------------------
    

    Mavrix Fund Management Inc. is an asset management company founded and
operated by experienced portfolio managers. The company offers a focused
lineup of concentrated, actively managed funds that aim to complement
mainstream funds. Mavrix supports its products by providing financial advisors
with regular and direct access to portfolio managers and unbiased commentary,
which has enabled the company to become a trusted advisor to its clients.
Mavrix is headquartered in Toronto with offices in Halifax, Montreal and
Winnipeg.
    Additional information about Mavrix can be found at www.mavrixfunds.com.

    %SEDAR: 00020385E




For further information:

For further information: Toll Free: 1-888-964-3533, Direct: (416)
365-4077, Email: clientservices@mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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