Northwater Market-Neutral Trust - Final Net Asset Value and Second
Termination Distribution
The Trust also announced today that it has declared the second termination distribution to be payable to unitholders of record on
In addition, the Trust has concluded that no special distribution of the Trust's net income and realized capital gains will be required to ensure that the Trust will not be liable to pay income tax under Part I of the Income Tax Act.
In determining the net asset value of the Trust, the Trust relies on estimates provided by administrators or managers of each of the Trust's underlying hedge funds. Occasionally, these estimates may be revised and the Trust will be required to capture these revisions in subsequent net asset value calculations. The net asset value of the Trust is also affected by the finalization of the net asset value by the administrators of the underlying hedge funds.
Based on the information that Northwater Fund Management Inc. (the "Manager") had available to it at the time, the Manager anticipates that approximately 55% of the underlying assets of the Trust were subject to restrictions on liquidity at
For further information: For further information: Dan Mills at Northwater Capital Management Inc. at (416) 360-2101
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