TORONTO, April 30 /CNW/ - frontierAlt Oasis(TM) Funds Management Inc. ("frontierAlt"), the manager of the frontierAlt Oasis(TM) Canada Fund (the "Fund"), announced today that effective the close of business on April 30, 2010, it is ceasing distribution of units of the Fund. The decision to terminate the Fund is due to a low number of unitholders and the costs associated with maintaining a small fund. As a result, the Fund will be terminated on or about June 30, 2010 (the "Termination Date"), following 60 days' written notice thereof to existing unitholders of the Fund.
The costs associated with the implementation of the termination of the Fund will be borne by the Fund. Unitholders will not be required to pay any redemption fees associated with the termination of the Fund. Unitholders are encouraged to contact their financial advisor to discuss their investment alternatives.
Existing unitholders of the Fund may redeem their units for settlement on or prior to the Termination Date and on or about the Termination Date, the Fund will take steps to purchase for cancellation any remaining units of the Fund, following which frontierAlt will provide notice to the securities regulators regarding the termination of the Fund.
About frontierAlt Oasis(TM) Funds Management Inc.:
frontierAlt Oasis(TM) Funds Management Inc. is a wholly owned subsidiary of frontierAlt Capital Corporation. frontierAlt Capital Corporation is a financial services company with its head office in Toronto, Ontario. frontierAlt Capital Corporation specializes in the manufacture and distribution of structured products, flow-through limited partnerships and mutual funds.
SOURCE FRONTIERALT INVESTMENT MANAGEMENT CORP.
For further information: For further information: Taras Hucal, President, frontierAlt Oasis(TM) Funds Management Inc., (416) 619-3134, firstname.lastname@example.org