TORONTO, Dec. 27, 2018 /CNW/ - AIP Global Macro Class and AIP Canadian Enhanced Income Class (each a "Fund" and collectively, the "Funds"), each a class of AIP Mutual Funds Corporation (the "Corporation"), announce today that at a joint special meeting of shareholders of each of the Funds, the shareholders approved by special resolution: (i) the sale of all or substantially all of the property of the Corporation (the "Sale Resolution") and (ii) the voluntary dissolution of the Corporation pursuant to section 237 of the Business Corporations Act (Ontario)(the "Dissolution Resolution").
The Sale Resolution and the Dissolution Resolution both received unanimous support with 100% of the shareholders of each Fund voting at the meeting having voted in favour of both the Sale Resolution and the Dissolution Resolution.
The holder of the sole common share of the Corporation also approved the Sale Resolution and Dissolution Resolution.
The Funds are expected to terminate on or about January 11, 2019 (the "Termination Date"). The final distribution to the shareholders of each Fund which will be based on the series net asset value per share of each Fund will be made on the Termination Date.
Each Fund will continue to price its net asset value per share daily.
Further information regarding the termination of the Funds can be found in the Funds' joint management information circular dated December 5, 2018, which is available at www.sedar.com.
About AIP Asset Management Inc.
AIP is a Toronto-based asset management company, managing hedge funds and discretionary separately managed accounts. Its core focus is to help clients, be they institutions, family offices or retail investors achieve their investment goals with a focus on socially responsible investing. For more information, visit www.aipassetmanagement.com
Certain statements contained in this press release may include forward-looking information with respect to the Fund's operations and future financial results. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. Further information can be found in the disclosure documents filed by the Fund at www.sedar.com.
SOURCE AIP Asset Management Inc.
For further information: Karim Mecklai, Investor Relations, 416.601.0808