VANCOUVER, Jan. 16 /CNW/ - McElvaine Investment Management Ltd. ("MIML")
today announced the launch of two new advisor series for the company's
flagship fund, The McElvaine Investment Trust.
Under the new multi-series structure, Series "A" units offer a modest
base trailer fee of 0.3%, with a 25% share of performance fees generated by
the Trust. Series "F" units offer no advisor compensation and are an industry
standard F-Class offering. Units of The McElvaine Investment Trust held at
December 31, 2007 were re-named Series "B" and remain available for purchase
directly from MIML. A complete description of the new classes and the offering
memorandum is available on the MIML website at www.mcelvaine.com.
Commenting on the advisor compensation for the Series A units, Tim
McElvaine President of MIML, said, "I believe this structure aligns all of our
interests with our clients' interests. If we perform poorly, our investors pay
lower fees. If we do well, then everyone benefits, including the financial
McElvaine Investment Management Ltd. is a Vancouver-based portfolio
manager with assets under management at December 31, 2007 of approximately
$177 Mil. Tim McElvaine has managed The McElvaine Investment Trust since its
inception in September 1996.
For further information:
For further information: Tim McElvaine, McElvaine Investment Management,
Tel: (604) 601-8345