TORONTO, July 17, 2015 /CNW/ - BlackBridge Capital Management Corp. ("BlackBridge"), the manager of the BlackBridge Resource Capital Class Fund (the "Fund"), has decided to give not less than 60 days notice to shareholders of the Fund, effective July 17, 2015, of its plans to redeem all outstanding Class A Shares of the Fund. BlackBridge anticipates setting the Valuation Date for the redemption of all Class A Shares on or about September 18, 2015 (the "Valuation Date") and will cause to be paid to each shareholder their pro rata share of the net assets of the Fund for each share or fraction thereof registered in the name of such shareholder as soon as possible following the Valuation Date.
The decision to terminate the Fund is due to a low number of shareholders, a challenging resource market for attracting new fund inflows and the costs associated with maintaining a small fund.
The costs associated with the implementation of the termination of the Fund will be borne by the Fund. Shareholders will not be required to pay any redemption fees associated with the redemption of the Class A Shares of the Fund. The Fund is closed to new purchases.
SOURCE BlackBridge Capital Management Corp.
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