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TORONTO, Nov. 8, 2016 /CNW/ - Scotia Managed Companies Administration Inc. (the "Manager") announced today that Moneda LatAm Growth Fund (the "Fund") (TSX:MLE.UN) will terminate after the close of business on November 29, 2016. The Manager has concluded that it will no longer be economically practical to continue the Fund after the annual redemption of units of the Fund are processed on November 29, 2016 and, accordingly, it would be in the best interest of the unitholders of the Fund to terminate the Fund on that date.
A further press release will be issued by the Fund in the near future with details regarding the manner in which units of the Fund will trade on the Toronto Stock Exchange during the days immediately prior to the termination date, as well as the date on which the Fund anticipates distributing to each unitholder their pro rata share of the net assets of the Fund after all liabilities of the Fund have been paid or provided for.
SOURCE Moneda LatAm Growth Fund
For further information: Investor Relations: Moneda LatAm Growth Fund, Tel: (416) 815-6814, Web site: www.scotiamanagedcompanies.com, Email: [email protected]