Criterion International Equity Fund

Criterion International Equity Fund

December 30, 2009 09:00 ET

Criterion International Equity Fund Announces Completion of Merger

TORONTO, ONTARIO--(Marketwire - Dec. 30, 2009) - Criterion International Equity Fund ("International Equity") announces the completion of its merger with Criterion Global Dividend Fund ("Global Dividend").

As a result of the merger, former unitholders of International Equity received the corresponding class of units of Global Dividend based on an exchange ratio determined by dividing (i) the net asset value per class unit of International Equity as at the close of business on December 29, 2009 by (ii) net asset value per unit of the corresponding class of Global Dividend as at the close of business on December 29, 2009. The following table shows the net asset value per class of both International Equity and Global Dividend as at the close of business on December 29, 2009 and the exchange ratio which reflects the number of units of Global Dividend received per unit of each class of units of International Equity:

  International Equity Global Dividend Exchange Ratio
  Net Asset Value/Unit Net Asset Value/Unit  
 Class A Units 6.54886 7.68781 0.8515
 Class B Units 6.57942 7.71061 0.8533
 Class C Units 6.57477 7.83732 0.8389
 Class D Units 6.55365 7.93326 0.8261
 Class F Units 6.84258 8.12332 0.8423
 Class M Units 7.17862 7.77207 0.9236
 Class P Units 7.17862 8.07529 0.8890

Contact Information