TORONTO, July 11, 2012 /CNW/ - AlphaNorth Resource Fund (the "Resource
Fund"), formerly the AlphaNorth Rollover Fund, is pleased to announce
that effective July 6, 2012, all outstanding Resource Fund Series A
shares have been automatically converted on a tax-deferred basis into
Series A shares of AlphaNorth Growth Fund (the "Growth Fund").
The final net asset value of the Resource Fund was $7.81 per share. Each
shareholder received approximately 1.121482 Growth Fund shares under
ANF010 for each Resource Fund share held.
The Growth Fund is an open-ended mutual fund. The objective of the
Growth Fund is to generate industry leading long-term returns by
providing investors with diversified exposure to primarily small and
mid-capitalization Canadian companies that offer attractive risk-reward
characteristics. These will typically be companies with market
capitalizations between $100 million and $5 billion.
The Growth Fund employs a similar investment style and methodology to
the AlphaNorth Partners Fund. AlphaNorth Asset Management (the
"Manager") believes that superior long-term equity returns are
achievable by exploiting inefficiencies in the Canadian small cap
universe through the careful selection of securities. The Manager
combines technical analysis with bottom-up and top-down strategy in the
selection of investments offering the best reward versus risk
opportunities. Tax liabilities incurred through capital gains may be deferred by
remaining invested in the Growth Fund.
The Manager is a Toronto-based investment management firm with
approximately $110 million in assets under management. It manages the
AlphaNorth Partners Fund, the AlphaNorth Growth Fund, the AlphaNorth
2011 Flow-Through Limited Partnership and the AlphaNorth 2012
Flow-Through Limited Partnership.
Disclaimer - Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the prospectus before investing. Mutual funds are not guaranteed,
their values change frequently and past performance may not be
SOURCE AlphaNorth Asset Management
For further information:
Skye Collyer, Vice President, Sales and Marketing at 416-506-0776 (ext. 227) or firstname.lastname@example.org.