Halcyon Fund Management Inc.

Halcyon Hirsch Opportunistic Canadian Fund

Halcyon Hirsch Opportunistic Tactical Allocation Fund

October 19, 2007 15:32 ET

Unitholders of Halcyon Group of Funds Approve Resolutions at Special Meetings

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2007) - Halcyon Fund Management Inc., the trustee of the Halcyon Group of Funds (the "Trustee"), is pleased to announce that at the special meetings of the unitholders of Halcyon Hirsch Opportunistic Canadian Fund and Halcyon Hirsch Opportunistic Tactical Allocation Fund (collectively, the "Funds") on October 19, 2007, unitholders overwhelmingly approved resolutions in respect of the following:

Changing the manager of the Funds from Halcyon Fund Management Inc. to BluMont Capital Corporation and appointing BluMont Capital Corporation as successor trustee; appointing PricewaterhouseCoopers LLP as auditor of the Funds; changing the fundamental investment objective of Halcyon Hirsch Opportunistic Tactical Allocation Fund from investment in Canadian equities, fixed income and money market instruments to investment primarily in North American equity securities; and changing the performance fee benchmark of Halcyon Hirsch Opportunistic Tactical Allocation Fund for performance fee calculation purposes.

Subject to receipt of all regulatory approvals, it is expected that the changes approved by unitholders of the Funds will become effective on or about November 2, 2007.

Contact Information

  • Halcyon Fund Management Inc.
    Mario Frankovich
    President and Chief Executive Officer
    (905) 528-6505