TORONTO, Feb. 3, 2012 /CNW/ - The Northwater Market-Neutral Trust (the "Trust") announced that the projected net asset value of the Trust per unit as at January 31, 2012 is $0.22. This unit value has reflected the termination distribution of $0.53 per unit previously announced on January 16, 2012. The return of the Trust for the month of January is estimated at -0.46%. The rolling 12-month return for the Trust is approximately -33.19%.
Northwater Fund Management Inc. (the "Manager"), in its capacity as manager of the Trust, continues to expect that the remaining sale transactions will close by not later than March 31, 2012. Additional termination distributions of the net proceeds from such sales will be distributed to investors as soon as reasonably practicable after such closings occur.
The final net asset value per unit and the final return of the Trust for January will be provided to investors once they are available. It is possible that the final net asset value per unit and the final return of the Trust for the month may differ from the preliminary estimates provided herein.
For further information:
Dan Mills at Northwater Capital Management Inc. at (416) 360-2101