TORONTO, Nov. 10, 2017 /CNW/ - LOGiQ Asset Management Ltd. (the "Manager") held the adjourned special meetings of the holders (the "Securityholders") of units of Canadian 50 Advantaged Preferred Share Fund, Global Capital Securities Trust, LOGiQ Advantage Bond Fund, LOGiQ Advantage Oil & Gas Income Fund, LOGiQ VIP Income Fund and Voya Diversified Floating Rate Senior Loan Fund (collectively, the "Funds" and each a "Fund") to consider the Fund changes (each a "Proposal") which are proposed in connection with the sale by LOGiQ Asset Management Inc. to Purpose Investments Inc. of the management agreements and related assets relating to all of the Funds (the "Transaction") as described in the joint management proxy circular dated October 3, 2017 sent to Securityholders (the "Circular").
At the special meetings, Securityholders of each of the Funds, except LOGiQ Advantage Bond Fund, approved a special resolution to authorize the applicable Proposal.
The requisite approval of the applicable Proposal was not received by Securityholders of LOGiQ Advantage Bond Fund at the special meeting. As such, and as disclosed in the Circular, if the Transaction closes, the Manager anticipates terminating the Fund and winding the Fund up in accordance with the provisions of the Fund's constating documents and applicable securities law requirements as soon as practicable following the Closing.
Complete details regarding the matters considered at the special meetings were outlined in the Circular. The Circular is also available at www.sedar.com.
SOURCE LOGiQ Asset Management Ltd.
For further information: please contact LOGiQ Asset Management Client Services at 1-844-416-1093 or please visit www.logiqasset.com.