BluMont Capital Corporation

BluMont Capital Corporation

November 25, 2009 16:00 ET

BluMont Capital Corporation Completes Fund Merger

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2009) - BluMont Capital Corporation ("BluMont Capital") announced today that the merger of BluMont Augen Resource Strategy Fund Ltd. (the "RS Fund") into Exemplar Portfolios Ltd. (the "Exemplar Portfolios") has been completed.

The termination of the RS Fund was effective as of November 24, 2009 (the "Effective Date"). In that regard, BluMont Capital afforded shareholders of the RS Fund (the "Shareholders") the ability to participate in the wind-up of the RS Fund as at the Effective Date by way of an in-kind transfer of their investment to Series R Shares of Exemplar Canadian Focus Portfolio of the Exemplar Portfolios. Veronika Hirsch, Chief Investment Officer of BluMont Capital will continue to manage the portfolio assets merged into Exemplar Canadian Focus Portfolio. In addition, Shareholders will benefit from a lower management fee (1.65% vs. 2.50%), increased economies of scale and the ability to switch between different investment mandates without further tax consequence.

The exchange ratio, based on the November 24, 2009 final net asset value ("NAV") for each class of the RS Fund and the net asset value of the Exemplar Canadian Focus Portfolio, Series R is outlined in the following table. The RS Fund termination did not occur on a tax-deferred basis and Shareholders should consult with their tax advisors in this regard.



Number of Exemplar
Canadian Focus Portfolio
NAV per share Series R Shares per
Fund Code November 24, 2009 RS Fund share
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Exemplar Canadian
Focus Portfolio,
Series R EXP 400 $ 10.0000
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RS Fund Class A AUG 512 $ 3.4739 0.3474
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RS Fund Class C AUG 551 $ 1.6917 0.1692
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RS Fund Class D AUG 561 $ 1.7212 0.1721
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RS Fund Class E AUG 571 $ 3.4755 0.3476
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RS Fund Class F AUG 581 $ 3.4755 0.3476
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RS Fund Class G AUG 591 $ 3.2808 0.3281
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RS Fund Class H AUG 611 $ 3.3186 0.3319
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Founded in 2000, BluMont Capital offers investment products designed to provide enhanced diversification and return potential outside of traditional equity and bond investments. BluMont Capital employs a national sales force and is dedicated to setting new standards in delivering alternative products and services to Canadian retail investors.

BluMont Capital is a wholly-owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX:IAM), a leading Canadian alternative asset management company with approximately C$2.1 billion in assets and committed capital under management (www.iamgroup.ca).

Contact Information

  • BluMont Capital Corporation
    Operations
    866.473.7376