TORONTO, March 9 /CNW/ - First Defined Portfolio Management Co. ("FDPM")
announced today that RBC Investments Focus List Trust, 2001 Portfolio has
changed its name to RBC Investments Focus List Trust (the "Fund") and amended
its trust agreement to delete the requirement that the Fund have a fixed term
and a limited offering period. FDPM, the manager of the Fund, also announced
that a preliminary prospectus has been filed in respect of a continuous
offering of units of the Fund.
New purchases and sales of units are expected to begin following receipt
of all necessary regulatory approvals.
In connection with the changes described above, the Fund will no longer
charge a redemption fee upon the redemption of Series A units, including in
respect of units held by existing unitholders.
A press release issued by the Fund on December 21, 2006 indicated there
would be a limit on new purchases of units, once the Fund reaches $400 million
in net assets. As disclosed in the preliminary prospectus, a cap of
approximately $400 million is still contemplated, however, no new purchases
will be permitted once the cap is reached unless they are made through a
reinvestment of distributions. The Fund may be re-opened to new purchases at a
future date should FDPM determine, in its sole discretion, that the addition
of further assets would not adversely impact the performance of the Fund.
As of March 8, 2007, the Fund had total assets of approximately
$315 million. The Fund holds a non-discretionary portfolio of approximately 20
Canadian stock positions.
For further information:
For further information: Aimee Gear, Regional Vice President, Sales &
Marketing, (416) 865-8077; or Shamsh Kassam, Regional Vice President, Sales &
Marketing, (416) 865-8066; or Steven Mantle, President, (416) 865-8063; First
Defined Portfolio Management Co., Telephone: (416) 865-8065, Facsimile: (416)