TORONTO, Aug. 31, 2018 /CNW/ - Alignvest Capital Management Inc. ("Alignvest"), as manager of the Alignvest Top 20 Fund (the "Fund"), announced today that it has received a notice of resignation from the Trustee of the Fund, Caledon Trust Company ("Caledon") pursuant to the terms of the Trust Agreement of the Fund dated September 12, 2017. The reason for the resignation is that Caledon has decided to cease providing trust services to clients. The effective date of Caledon's resignation as Trustee of the Fund is November 29, 2018 unless a successor trustee is appointed by Alignvest pursuant to the terms of the Trust Agreement prior to such time.
Alignvest has conducted a thorough due diligence process in anticipation of the resignation of Caledon and expects to appoint a successor trustee prior to November 29, 2018.
SOURCE Alignvest Capital Management Inc.
For further information: please contact: Sanjil Shah, Managing Partner, Alignvest, (416) 360-8248, [email protected]