TORONTO, April 17, 2018 /CNW/ - Soundvest Capital Management Ltd. (the "Manager" or "Soundvest") is pleased to announce a transaction upon completion of which Soundvest Capital Holdings Ltd. (the "Purchaser") will own all of the outstanding shares of the Manager (the "Transaction"). The Purchaser currently owns 50% of the issued and outstanding common shares of the Manager with the remaining 50% of the common shares and all of the issued and outstanding preferred shares of the Manager currently held by the seller.
Soundvest is the manager, investment advisor and portfolio manager of Soundvest Split Trust and Soundvest Equity Fund (the "Funds"). The Transaction is not expected to result in any changes in the day-to-day affairs of the Funds, or impact the business, operations or affairs of the Funds. Soundvest will continue to operate in the same manner as it has conducted its activities prior to the closing of the Transaction as the seller has not been involved in the day-to-day operations of the Manager. Fund unitholders are not required to take any action. The Transaction is subject to customary regulatory approvals.
Soundvest, an established investment advisor, providing investment management services to trusts, foundations, corporations and high net worth individuals, is also the manager, investment advisor and portfolio manager of the Funds.
Certain statements made in this press release are "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "estimates", intends", "targets", "projects", "forecasts" or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could", and similar expressions. Forward-looking statements are based on expectations, estimates and projections at the time the statements were made and are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including but not limited to, the closing of the Transaction. Readers should not place undue reliance on forward-looking statements. The forward-looking statements are made as of the date of this press release, and neither Soundvest nor the Funds undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by applicable laws.
SOURCE Soundvest Capital Management Ltd.
For further information: please visit our website at www.soundvestcapital.com or contact: Investor Relations, Tel: 613-236-7361. Email: [email protected]