TORONTO, March 28 /CNW/ - B.E.S.T. Total Return Fund Inc. (the "Fund")
announces an adjustment to the number of outstanding Class A Shares in certain
shareholder accounts in which subscription activity occurred between
December 20, 2006 and August 31, 2007. The adjustment of approximately $0.73
per share to be process March 31, 2008, will result in the issuance of
approximately 2,471 additional Class A Shares. In addition, B.E.S.T.
Investment Counsel Limited (the "Manager") will reimburse the Fund
approximately $1,628 for losses incurred by the Fund for excess redemption
proceeds and $8,182 for management fees, advisor fees and service fees
resulting from the overstatement of the Net Asset Value. The adjustment arose
as a result of performance fee accruals which should have been made in
accordance with the Fund's Performance Bonus calculation on December 20, 2006.
This adjustment does not impact the Fund's current Net Asset Value.
About B.E.S.T. Total Return Fund Inc.
B.E.S.T. Total Return Fund Inc. is managed by B.E.S.T. Investment Counsel
Limited, a manager of venture capital funds with over $85 million under
administration. The primary objective of the Fund is to generate interest and
dividend income as well as long-term capital appreciation through investments
in a diversified portfolio of small and medium-sized private and public
For further information:
For further information: John Richardson, President, B.E.S.T. Investment
Counsel Limited; David Offierski, (416) 203-7331, firstname.lastname@example.org