SCEPTRE INVESTMENT COUNSEL LIMITED
TSX : SZ

SCEPTRE INVESTMENT COUNSEL LIMITED

January 29, 2007 10:42 ET

Sceptre Investment Counsel Limited

TORONTO, ONTARIO--(CCNMatthews - Jan. 29, 2007) - Sceptre Investment Counsel Limited (TSX:SZ) announced today that at a meeting of unitholders of the Sceptre Income Trusts Fund, held on January 29, 2007, unitholder approval was given to amend the investment objectives of the Fund.

Effective January 30, 2007, the investment objectives of the Fund will be to provide a high level of income along with moderate capital growth by primarily investing in a diversified portfolio of Canadian securities, including real estate investment trusts (REITs), income trusts, fixed-income securities and high-yielding equities. We consider the changes to the Fund's investment objectives necessary to ensure that the Fund can successfully achieve it's mandate.

Concurrently, with the change in the investment objectives of the Fund, the name of the Fund will also be changed to the Sceptre High Income Fund which better reflects the Fund's new investment objectives.

Contact Information

  • Sceptre Investment Counsel Limited
    Customer Service Department
    1-800-265-1888