TORONTO, May 31 /CNW/ - Return on Innovation Management Ltd. (the "Manager") today announced proposed changes to the investment objective of ROI Sceptre Retirement Growth Fund. The changes are subject to unitholder approval.
Proposed Change to Investment Objective
The Manager proposes to change the investment objective of ROI Sceptre Retirement Growth Fund (the "Fund") to be:
"The fundamental investment objective of the Fund is to provide investors
with the potential for capital growth through investment in a select and
limited number of Canadian small cap securities."
The investment objective change will change the Fund from an income-producing objective, with potential for capital growth, to an objective that seeks long-term capital growth. The Manager does not intend to change the distribution policies of the Fund as a result of the change of investment objective. If the change to the investment objective is approved, the name of the Fund will be changed to reflect the new investment objective.
The Manager will be seeking the approval of unitholders of the Fund with respect to the change of investment objectives at a special meeting to be held June 30, 2010. If approved, the changes will be implemented on or about July 5, 2010.
About ROI Capital
ROI Capital specializes in offering institutional-type products to approximately 65,000 retail investors. ROI Capital's flagship investment strategy is Private Placement lending. ROI Capital was one of the first companies to offer Private Placements to the retail market. The company has almost $780 million AUM and offers this investment strategy in a variety of formats including tax credit, higher yield and in conjunction with equities as a balanced offering. ROI has also partnered with three top North American institutional investment managers: Sceptre Investment Counsel; Wentworth, Hauser, & Violich and Johnston Asset Management for their expertise in public equity investing. By combining proficiencies in both private and public investments, ROI offers investors a breadth of products with asset mixes not typically found in other mutual funds.
SOURCE ROI Capital
For further information: For further information: Please visit the ROI Capital website at www.roicapital.ca or call the VP of Sales and Marketing, Jasmina Jhooti at (416) 361-6162 ext. 101