Merger of Fairway Diversified Income and Growth Trust into Crown
Hill Fund to Proceed
TORONTO, Jan. 21 /CNW/ - Crown Hill Capital Corporation is pleased to
announce that it has completed its purchase of the manager and trustee of
Fairway Diversified Income and Growth Trust ("Fairway"). The merger of Crown
Hill Fund ("Crown Hill") with Fairway will be completed on January 23, 2009.
Pursuant to the merger, Fairway will transfer all of its assets to Crown
Hill in exchange for units of Crown Hill and the assumption by Crown Hill of
all the liabilities of Fairway. Each unitholder of Fairway will receive units
of Crown Hill having the same aggregate net asset value as their units of
Fairway as of the close of business on January 22, 2009. Fractional units will
not be issued.
Crown Hill will be the continuing fund and will continue to trade under
the same stock symbol MYT.UN. Fairway will be delisted from the Toronto Stock
Exchange at the close of business on January 23, 2009.
For further information:
For further information: Crown Hill Capital Corporation, Tel: (416)