MONTREAL, Jan. 9 /CNW Telbec/ - Lombard Odier Darier Hentsch (Canada),
Limited Partnership ("LODH"), Manager of the LODH Opus - Diversified Canadian
Equity Fund, LODH Opus - American Equity Fund, LODH Opus - Canadian Small
Capitalization Equity Fund, LODH Opus - EAFE Equity Fund, LODH Opus - Money
Market Fund and LODH Opus - Fixed Income Fund (the "Funds"), announced today
(i) the addition of series G units for all Funds, save for the LODH Opus -
Money Market Fund, (ii) the amendment of the investment strategies for the
LODH Opus - Diversified Canadian Equity Fund, LODH Opus - American Equity
Fund, LODH Opus - Canadian Small Capitalization Equity Fund and LODH Opus -
EAFE Equity Fund to, inter alia, limit the cash holding to 15%, and (iii) the
eligibility of the US denominated Funds for registered savings plans.
Series G units will be available for all Funds, save for the LODH Opus -
Money Market Fund, to certain investors at the discretion of LODH. The minimum
investment amount in series G units will be $1,000 per Fund and there will not
be any subsequent minimum investment amount.
The investment strategies of the LODH Opus - Diversified Canadian Equity
Fund, LODH Opus - American Equity Fund, LODH Opus - Canadian Small
Capitalization Equity Fund and LODH Opus - EAFE Equity Fund will be amended
to, inter alia, limit the cash holding. In normal market conditions, such
equity Funds will be authorized to hold up to 15% of their net assets in cash,
short-term deposits or other short-term instruments and regularly traded
money-market instruments, the residual maturity of which does not exceed
twelve months, pending investments or redemptions, or for the purpose of the
efficient management of the Funds.
As a result of the eligibility of the LODH Opus - American Equity Fund
and the LODH Opus - EAFE Equity Fund for registered savings plans, all Funds
will now be registered investments under the Income Tax Act (Canada) and, as
long as registration as a registered investment continues, units of the Funds
will be qualified investments for trusts governed by registered retirement
savings plans, registered retirement income funds, deferred profit sharing
plans or registered education savings plans.
LODH expects to file on or about January 11, 2008 an amended and restated
simplified prospectus and an amended and restated annual information form,
amending and restating the simplified prospectus and annual information form
dated September 24, 2007, respectively. Subject to regulatory approval, the
amendments will become effective on or about January 18, 2008.
The Funds were established on and were privately offered from May 27,
2003 up to September 24, 2007, the date on which the units of the Funds were
first publicly offered.
LODH (www.lodh.com) is the manager of the Funds and provides, or arranges
for the provision of, all general administrative and day-to-day management of
the business and operation of the Funds, including the appointment of
portfolio advisors which manage the Funds' investments and supervise brokerage
arrangements for the purchase and sale of Fund securities and other assets.
LODH may also appoint distributors for the Funds.
For further information:
For further information: Michael Stucky, Lombard Odier Darier Hentsch
(Canada), Limited Partnership, (514) 847-7617