CGF Mutual Funds Announces Redemption of All Shares

TORONTO, Nov. 18 /CNW/ - CGF Mutual Funds Corporation ("CGF") and 1472278 Alberta Ltd., the manager of CGF, announced today that effective as of the close of business on November 17, 2009, no shares of CGF Income & Equity Class will be available for purchase from the Corporation. In addition, following the close of business on January 29, 2010, the Corporation will redeem all of the issued and outstanding shares of the following CGF mutual funds: CGF Income & Equity Class, CGF Canadian Heavyweight Equity Class, CGF US Heavyweight Equity Class, CGF International Heavyweight Equity Class and CGF Global Heavyweight Equity Class. Investors will receive a redemption price equal to the applicable series net asset value for each share that is redeemed. Following this redemption, it is expected that all of the CGF mutual funds will be terminated on or about February 1, 2010.

Pending the redemption of the shares and the termination of the funds, the portfolio advisor for each of CGF Income & Equity Class, CGF Canadian Heavyweight Equity Class, CGF US Heavyweight Equity Class, CGF International Heavyweight Equity Class and CGF Global Heavyweight Equity Class will continue to be Shaunessy Investment Counsel Inc.

Notices regarding the redemption of the issued and outstanding shares and the termination of the CGF mutual funds will be mailed to all shareholders of record of the CGF mutual funds.

%SEDAR: 00027790E

SOURCE CGF MUTUAL FUNDS CORPORATION

For further information: For further information: Investor Relations, Citadel Funds, (416) 361-9673 or (877) 261-9674, investorrelations@citadelfunds.com

Organization Profile

CGF MUTUAL FUNDS CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890