In c4070 disseminated today at 8:39 ET, an error occurred at the end of
the first sentence which should read "...18,081,181 units will remain outstanding" and not "...185,081,181 units
will remain outstanding". Corrected copy follows:
Marret Asset Management Inc. Announces Annual Redemption
Marret Investment Grade Bond Fund
TORONTO, Nov. 25, 2013 /CNW/ - Marret Asset Management Inc. ("Marret")
announces today that 8,946,413 units of Marret Investment Grade Bond
Fund (TSX: MIG.UN) (the "Fund"), have been submitted for redemption in
advance of the annual redemption date of November 29, 2013, and
that 18,081,181 units will remain outstanding. Unitholders who
tendered units for redemption will be entitled to receive the
redemption net asset value per unit of the Fund, (as defined in the
prospectus for the Fund dated September 29, 2009), as at November 29,
2013, less any costs associated with the redemption, including
commissions and other such costs, if any, related to the partial
settlement of the forward agreement through which the Fund obtains
exposure to the underlying portfolio held by IGB Trust (the "Underlying
Portfolio") to fund such redemption. Redeeming unitholders will also be
entitled to receive the previously announced monthly distribution for
November of $0.05 per unit. Payment of redemption proceeds will be made
on or about December 20, 2013.
About Marret Asset Management Inc.
Marret Asset Management Inc. is an employee-owned firm based in Toronto.
Marret and its experienced team of investment professionals led by
Barry Allan specialize exclusively in fixed income and, particularly,
in high yield debt strategies. Barry Allan, the President and Chief
Investment Officer, founded Marret in 2000, following a career at
Altamira, Nesbitt Thomson and a Canadian chartered bank. Mr. Allan has
over 30 years of experience in credit and fixed income markets.
SOURCE: Marret Investment Grade Bond Fund
For further information:
For further information on the Fund, contact Marret Investor Relations at 416-214-5800 or firstname.lastname@example.org, or about Marret, go to www.marret.com