Star Hedge Managers Corp. - Press Release

TORONTO, Oct. 30 /CNW/ - Star Hedge Managers Corp. announces Warrant exercise results.

The management of Star Hedge Managers Corp. (the "Fund") announces that:

    -   approximately 70% of issued and outstanding Warrants to purchase
        Class A Shares of the Fund have been tendered to the Fund for
        exercise on October 30, 2009; and

    -   this represents approximately $54 million of Warrant exercise
        proceeds to the Fund.

The October 31, 2009 net asset value ("NAV") per Class A Share will reflect the exercise of Warrants and will be posted on the Fund's website.

About Star Hedge Managers Corp.

The Fund has been created to provide long-term capital growth by investing in a portfolio consisting of private investment funds or portfolios managed by three of Canada's leading portfolio managers: Rohit Sehgal of Dynamic Funds, Eric Sprott of Sprott Asset Management Inc. and Normand Lamarche of Front Street Investment Management Inc.

Class A Shares are listed on the Toronto Stock Exchange under the symbols XHM.A .


For further information: For further information: please visit the Fund's website at under "Closed-End Funds". BMO Financial Group, Mark W. Lobsinger, (416) 359-7742, Internet: Closed End Funds

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890