TORONTO, April 23, 2015 /CNW/ - Return On Innovation Advisors Ltd. ("ROI Capital"), the manager of the ROI Mutual Funds, today announced plans to terminate the operation of ROI Canadian Top 20 Picks Fund (the "Fund"). Effective April 23, 2015, the Fund will no longer accept additional investments and will be terminated on or about June 29, 2015. The decision to terminate the Fund is because of the relatively small asset size and the small number of securityholders.
Securityholders of the Fund may redeem or switch their holdings until the close of business on June 28, 2015. ROI Capital will liquidate the holdings of the Fund at fair market value, determine distributions and on or about June 29, 2015 distribute the net assets to the remaining securityholders.
Securityholders will not be required to pay any redemption fees, sales charges, or other fees associated with the termination of the Fund.
Securityholders of the Fund will be sent a written notice outlining the details of the termination, as required by applicable securities legislation. Securityholders are encouraged to speak with their financial advisor to discuss their investment options.
About ROI Capital
Established in 2002, ROI Capital is a privately held Canadian investment management firm that specializes in commercial mortgages, loans and private investments. ROI Capital provides a diverse range of investment funds with assets under management of $222 million as of March 31, 2015. Website: www.roicapital.ca
SOURCE ROI Capital
For further information: Wilfred Vos, Bcs, FMA, CIM, CFP, FCSI, DMS, CBV, MBA, CFA, President and Founding Partner, 416 361-6162