TORONTO, Oct. 30 /CNW/ - Star Hedge Managers Corp. announces Warrant exercise results.
The management of Star Hedge Managers Corp. (the "Fund") announces that:
- approximately 70% of issued and outstanding Warrants to purchase
Class A Shares of the Fund have been tendered to the Fund for
exercise on October 30, 2009; and
- this represents approximately $54 million of Warrant exercise
proceeds to the Fund.
The October 31, 2009 net asset value ("NAV") per Class A Share will reflect the exercise of Warrants and will be posted on the Fund's website.
About Star Hedge Managers Corp.
The Fund has been created to provide long-term capital growth by investing in a portfolio consisting of private investment funds or portfolios managed by three of Canada's leading portfolio managers: Rohit Sehgal of Dynamic Funds, Eric Sprott of Sprott Asset Management Inc. and Normand Lamarche of Front Street Investment Management Inc.
Class A Shares are listed on the Toronto Stock Exchange under the symbols XHM.A .
SOURCE STAR HEDGE MANAGERS CORP.
For further information: For further information: please visit the Fund's website at www.bmocm.com/bmosp under "Closed-End Funds". BMO Financial Group, Mark W. Lobsinger, (416) 359-7742, Internet: www.bmocm.com/bmosp Closed End Funds