Brickburn Funds Inc. Dominion Equity Resource Growth Class
CALGARY, Nov. 7, 2012 /CNW/ - Brickburn Asset Management Inc, Portfolio Manager of the Dominion Equity Resource Growth Class (the "Fund") has determined that there has been a valuation impairment for a dominant private company investment held in the Fund, E-T Energy Inc. As such, the Portfolio Manager has elected to reduce the carrying value of the E-T Energy Inc. position until such time that there is sufficient evidence the impairment has been overcome.
Consequently, the reduction in carrying value from $7.00 to $3.00 per share will result in a decrease of approximately 25% of the Fund's Unit value. The Portfolio Manager has deemed this event to represent a material change in the affairs of the Fund.
SOURCE: Brickburn Funds Inc.
William D. Bonner, President
Brickburn Funds Inc.
403-303-4488
or
Darcy Ell, CFO
Brickburn Funds Inc.
403-303-4488
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