TORONTO, June 5, 2012 /CNW/ - The Northwater Market-Neutral Trust (the
"Trust") announced that the projected 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 is estimated at -0.13%. The rolling 12-month return for
the Trust is approximately -32.74%.
Northwater Fund Management Inc. (the "Manager"), in its capacity as
manager of the Trust, continues to work toward the completion of all
the secondary market sale transactions in respect of the remaining
underlying assets of the Trust. As at May 31, 2012, all but one of the
secondary market sales were closed. For the one transaction that
remains outstanding as at May 31, 2012, the Manager awaits final
verification of the transfer of ownership from the underlying fund
manager and administrator. The Manager does not anticipate material
delays in closing this remaining sales transaction. A final
termination distribution of the net proceeds from such sales will be
distributed to investors as soon as reasonably practicable after such
closings occur and the Trust will be wound up in accordance with its
The final net asset value per unit and the final return of the Trust for
May will be provided to investors once such information is 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.
SOURCE Northwater Market-Neutral Trust
For further information:
Dan Mills at Northwater Capital Management Inc. at (416) 360-2101.