MULVIHILL PRO-AMS RSP SPLIT SHARE CORP.
TORONTO, Oct 8 /CNW/ - (TSX: SPL.A; SPL.B) - Mulvihill Pro-AMS RSP Split Share Corp. (the "Fund") announced today that its shareholders approved a special resolution amending the Articles of the Fund to terminate the Fund in advance of the redemption date originally scheduled for December 31, 2013. As a result of such approval, the Fund will redeem all Class A Shares and Class B Shares on October 29, 2010 for the redemption amounts to which holders are entitled. It is expected that the last trading day for the shares will be October 28, 2010 and the proceeds from the redemption of the Class A Shares and Class B Shares are expected to be paid within approximately 10 business days of the redemption date. No action need be taken by holders of Class A Shares or Class B Shares to receive their redemption amounts.
Given the small size of the Fund, operating costs are becoming a greater burden on the net asset value while trading liquidity has been significantly reduced. Redeeming all Class A Shares and Class B Shares on October 29, 2010 will preserve value for shareholders. As a result of the redemption, the Class A Shares and Class B Shares of the Fund will be de-listed by the Toronto Stock Exchange.
| John Mulvihill, President and CEO David Roode, President, Fund Services A member of the Mulvihill Capital Management Inc. Group of Funds |
Mulvihill Structured Products 121 King Street West Suite 2600 Toronto, Ontario, M5H 3T9 416.681.3900; 1.800.725.7172 www.mulvihill.com [email protected] |
| Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. | |
For further information:
Investor Relations at 416.681.3900, toll free at 1.800.725.7172 or visit www.mulvihill.com
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