- Polar invites all unitholders to submit their CGT-related questions and to join its conference call on Thursday April 23, 2015
- Polar has proposed the ONLY solution to eliminate the significant trading discount to NAV
- Polar is asking unitholders to vote their BLUE proxy in favour of Polar's proposed unit redemption amendments and to support Polar's highly-qualified trustee nominees
TORONTO, April 20, 2015 /CNW/ - Polar Securities Inc. ("Polar") today announced it will host a conference call for fellow unitholders of Central GoldTrust ("CGT" or the "Trust") (TSX:GTU-U; NYSE MKT:GTU) to outline its proposal to unlock over $65 million U.S. Dollars ("USD") in value at CGT. The conference call, hosted by Paul Sabourin, CIO of Polar, will take place on Thursday April 23, 2015 at 1:00 p.m. EST.
"In response to CGT's continued campaign of misrepresentation, we would like to have a frank discussion with fellow unitholders to dispel any myths regarding our proposal or nominees," said Paul Sabourin. "CGT's current board of trustees has attempted to obscure, mislead and confuse unitholders in an effort to keep their significant management and trustee fees."
To participate in the conference call, please dial-in prior to 1:00 p.m. (Toronto time) to 1-800-319-4610 for toll-free North American access, or +1-604-638-5340 for international access on Thursday April 23, 2015.
Polar is asking all unitholders to submit any questions they may have for Polar on its proposed unit redemption amendments or nominees by 12:00 p.m. (Toronto time) on Wednesday April 22, 2015. Questions can be emailed to [email protected], with the subject line "CGT Unitholder Conference Call".
An audio replay of the call will be available for 7 days by dialing 1-855-669-9658 for toll-free North American access, or +1-604-674-8052 for international access, and entering the passcode: 1149 followed by the number sign on your telephone keypad.
BREAK OUT OF THE GOLDTRUST VALUE TRAP – VOTE BLUE FOR CHANGE
Polar is asking unitholders to vote their BLUE proxy in favour of Polar's proposed unit redemption amendments and to support Polar's trustee nominees who will shepherd the Trust through these changes and unlock value for ALL unitholders of the Trust.
In order to ensure that your vote is counted, your vote must be submitted before 12:00 p.m. (noon) (Toronto time) on Tuesday, April 28, 2015.
If you have any questions or need assistance in voting your BLUE proxy, please contact Shorecrest Group Ltd. at 1-888-637-5789 (toll free within North America) or 647-931-7454 (collect calls accepted), or by email at [email protected].
POLAR SECURITIES INC.
Established in 1991, Polar, based in Toronto, Canada, is registered as an Investment Dealer, Investment Fund Manager and Futures Commission Merchant with the Ontario Securities Commission and is a member of the Investment Industry Regulatory Organization of Canada. Polar acts as the investment manager for certain investment funds and manages over CAD$2 billion of client funds. Polar's investment philosophy focuses on capital preservation and low volatility. During its tenure, Polar has invested in more than 10 Canadian precious metals funds and more than 75 Canadian closed-end products and has extensive expertise in structuring, managing and investing in complex investment products.
SOURCE Polar Securities Inc.
For further information: Unitholders of CGT: Shorecrest Group Ltd., 1-888-637-5789 (toll free within North America), 647-931-7454 (collect calls accepted), [email protected]; Media: Riyaz Lalani, Bayfield Strategy, Inc., (416) 907-9365, [email protected]