TORONTO, June 15, 2012 /CNW/ - The Northwater Market-Neutral Trust (the "Trust") announced today that the final net asset value of the Trust per unit as at May 31, 2012 is $0.21. The return of the Trust for the month of May 2012 is -1.46%. The rolling 12-month return for the Trust is -33.65%.
Northwater Fund Management Inc. (the "Manager"), in its capacity as manager of the Trust, has completed all the secondary market sale transactions to arm's length third parties as at June 15, 2012. As previously announced, upon completion of the remaining secondary market sale transactions, a final termination distribution of the net proceeds from such transactions (after the payment of any remaining liabilities to third party service providers) is to be distributed to unitholders and the Trust shall be wound up and terminated in accordance with its terms. Accordingly, the Trust announced today that it has declared the final termination distribution to be payable to unitholders of record on June 21, 2012 in the amount of $0.2100197 per unit. This final termination distribution is expected to be paid on June 28, 2012. Upon payment of this final termination distribution, the Trust will be formally terminated and cease to exist.
For further information:
Dan Mills at Northwater Capital Management Inc. at (416) 360-2101