TORONTO, Sept. 30 /CNW/ - Lawrence Asset Management Inc., the Manager of Tax Optimized Return Oriented Securities Trust ("TOROS" or the "Fund") today announced that it has received requests for redemption in respect of a total of 431,800 ROC Securities (TSX: TO.UN), representing approximately 11.8% of the currently outstanding securities of the Fund. Unitholders redeeming ROC Securities will be entitled to receive an amount equal to the Net Asset Value per trust unit determined as of September 30, 2009 using a three day volume weighted average trading price of each security less any costs of funding the redemption, including commissions. Unitholders redeeming trust units will receive payment on or before the tenth business day following September 30, 2009.
TOROS invests in an actively managed diversified portfolio consisting primarily of income funds, including commodity-based trusts, operating business trusts, REITs and power and pipeline trusts. TOROS is managed by Lawrence Asset Management Inc.
SOURCE LAWRENCE ASSET MANAGEMENT
For further information: For further information: Investor Relations, Catherine Stretch, (416) 362-6283, firstname.lastname@example.org, www.lawrenceasset.com