TORONTO, June 25, 2013 /CNW/ - Sprott Asset Management LP ("Sprott")
today announced that Sprott has determined that it is in the best
interests of each of Sprott Small Cap Equity Class and Sprott Energy
Class (the "Funds") to terminate the Funds, effective August 30, 2013 (the "Termination Date"). Sprott has considered the size of each Fund (which is relatively
small) against the operating expenses of the Fund and has determined
that it is no longer economical for the Fund.
Effective today, Sprott will waive any redemption fees, short-term
trading fees and switch fees for redemptions or switches of shares of
the Funds, and each Fund is closed to new purchases.
Sprott will send a notice to each investor in the Funds regarding the
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 email@example.com.