TORONTO, Dec. 14, 2012 /CNW/ - Cambridge Asset Management Inc.
("Cambridge") is pleased to announce that it has today completed the
previously announced transaction (the "Transaction") pursuant to which
Cambridge has become the manager of, and assumed the management
agreement governing, Lawrence Enterprise Fund Inc. (the "Fund").
The required approvals of the Fund's shareholders were obtained at the
annual and special meeting of the shareholders of the Fund held on
December 13, 2012. In addition to the required approvals of the Fund's
shareholders, the Ontario Securities Commission approved the
Transaction on December 14, 2012.
At the special meeting, shareholders also authorized articles of
amendment of the Fund to amend the frequency of the calculation of the
net asset value and the redemption of the class A shares of the Fund
from daily to weekly.
About Cambridge Asset Management Inc.
Cambridge Asset Management Inc. is a Canadian-based private investment
management firm with offices in Toronto and is led by Larry Guy, Chief
Executive Officer. Cambridge is registered as an Investment Fund
Manager and Portfolio Manager in Ontario.
SOURCE: Cambridge Asset Management Inc.
For further information:
Chief Executive Officer
Cambridge Asset Management Inc.