TORONTO, March 14, 2016 /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 30 Small Cap Picks Fund, ROI Global Supercycle Fund, ROI Global Retirement Fund and ROI Canadian Retirement Fund (the "Funds"). Effective March 15, 2016, the Funds will no longer accept additional investments and will be terminated on or about June 15, 2016. The decision to terminate the Funds is because of the relatively small asset size and the small number of securityholders.
Securityholders of the Funds may redeem or switch their holdings until the close of business on June 14, 2016. ROI Capital will liquidate the holdings of the Funds at fair market value, determine distributions and on or about June 15, 2016 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 Funds.
Securityholders of the Funds 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 $167 million as of February 29, 2016. 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