TORONTO, Dec. 13, 2012 /CNW/ - Sprott Asset Management LP ("Sprott") has
received unitholder and regulatory approval to proceed with the
proposed merger of Sprott All Cap Fund into Sprott Canadian Equity
Fund. The merger is expected to be effective as of December 14, 2012.
As described in the announcement made on October 10, 2012, on the
effective date of the merger, holders of units of each series of Sprott
All Cap Fund will receive units of the equivalent series of Sprott
Canadian Equity Fund, determined on a dollar-for-dollar basis. As soon
as possible following the merger, Sprott All Cap Fund will be wound up.
Unitholders will not be required to pay any redemption fees, sales
charges or other fees associated with the termination of Sprott All Cap
Fund. All costs associated with the termination of Sprott All Cap Fund
will be borne by Sprott.
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its
investors over time. Sprott Asset Management LP manages assets
primarily for institutions, endowments and high net worth individuals
and is the investment manager of the Sprott Mutual Funds. 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 repeated. The information
contained herein does not constitute an offer or solicitation by anyone
in the United States or in any other jurisdiction in which such an
offer or solicitation is not authorized or to any person to whom it is
unlawful to make such an offer or solicitation. Prospective investors
should consult their financial advisor to determine if the Sprott
Mutual Funds may be sold in their jurisdiction.
SOURCE: Sprott Asset Management LP
For further information:
For further information on Sprott Asset Management LP and the Sprott Mutual Funds, please visit www.sprott.com or call us at 866 299-9906 or email us at firstname.lastname@example.org.