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TORONTO, Feb. 8, 2019 /CNW/ - Barometer Capital Management Inc. (Barometer), the manager of the Barometer Disciplined Leadership Equity Fund (the Fund), identified an error in the calculation of the net asset value (NAV) of the Fund, which affected the performance results of the Fund. Accordingly, revised fund facts for the Fund have been filed on SEDAR to reflect the correct performance of the Fund. Barometer has discussed the issue with the Fund's administrator and appropriate changes have been made to ensure that the issue is not repeated. In addition, any investors who bought or redeemed units of the Fund during the period of the NAV error have been appropriately compensated, including reimbursing the Fund for any overpayment of management fees that Barometer received.
The revised fund facts of the Fund can be reviewed on Barometer's internet site at www.barometercapital.ca or on the SEDAR internet site at www.sedar.com. A copy of the revised fund facts for the Fund will also be provided on request, at no cost, by calling Barometer toll-free at 1 866-601-6888, or from an investor's dealer or advisor or by email at [email protected].
SOURCE Barometer Capital Management Inc.
For further information: Ron Kelterborn, Chief Compliance Officer, Barometer Capital Management Inc., Telephone: (416) 601-1683, E-mail: [email protected]