NexGen Financial Limited Partnership Announces Closing of Private Placement
"The capital raised in this offering provides the financial resources for NexGen to efficiently finance its rapid growth", said
Proceeds from the issue will be used to expand its sales force, pay selling commissions, and fund the introduction of low load commissions and for general working capital. Approximately
"We have demonstrated that our Tax Managed Funds are adding value to Canadian portfolios", said
NexGen today reported preliminary total mutual fund net sales in October of
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
NexGen Financial Limited Partnership is one of Canada's fastest growing independent financial services firm and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.
Cautionary Statement on Forward Looking Information
This press release may include forward looking statements within the meaning of securities laws. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements.
For further information: James L Hunter, CEO, (416) 775-3701, [email protected]; Laurie Munro, President, (416) 775-3705, [email protected]
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