Securityholders approve the change in investment fund manager for frontierAlt mutual funds and Global Dividend Fund

TORONTO, May 4 /CNW/ - frontierAlt Funds Management Limited ("FFML") and frontierAlt Capital Corporation ("FCC") are pleased to announce that BlackBridge Capital Management Corp. ("BlackBridge") has become the investment fund manager of frontierAlt Resource Capital Class Fund ("Resource Fund"), frontierAlt Opportunistic Bond Fund ("Bond Fund") and Global Dividend Fund ("GDF") effective April 30, 2011.

Securityholders of Bond Fund approved the change of manager and trustee to BlackBridge and securityholders of Resource Fund approved the change of manager to BlackBridge at special meetings held on April 27, 2011.  Securityholders of GDF approved the change of manager and trustee from FCC to BlackBridge and approved certain other administrative changes to the declaration of trust of GDF at special meetings of securityholders held on April 27th and 28th.

In connection with the change of manager, Resource Fund was renamed "BlackBridge Resource Capital Class Fund" and Bond Fund was renamed "BlackBridge Opportunistic Bond Fund" effective April 30, 2011.  BlackBridge intends to rename GDF to "BlackBridge Global Dividend Fund" subject to regulatory approval.

About frontierAlt Funds Management Limited and frontierAlt Capital Corporation

frontierAlt Capital Corporation and frontierAlt Funds Management Limited are financial services companies with head offices in Toronto, Ontario.

About BlackBridge Capital Management Corp.

BlackBridge Capital Management Corp. is a Toronto based financial services firm.  BlackBridge is focused on being a leading provider of innovative investment fund solutions through the creation and management of high quality and tax efficient investment products and providing investors with access to high quality portfolio managers.  BlackBridge also offers corporate finance advisory and merchant banking services.

SOURCE frontierAlt Funds Management Limited

For further information:

For media inquiries, please contact:

frontierAlt Funds Management Limited:
Asif Khan
Office: (416) 848-8850

BlackBridge Capital Management Corp.
Daniel Shapiro
Office: (416) 623-6443

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frontierAlt Funds Management Limited

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