Axis Investment Fund Inc.

October 13, 2010 17:56 ET

Axis Investment Fund Inc. Announces Final Distribution and Dissolution

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) - Axis Investment Fund Inc. (the "Fund") announced today, it expects to make the final distribution to its Class A shareholders of record as at October 13, 2010 (the "Wind-Up Distribution") on or about October 14, 2010 as part of the liquidation and dissolution of the Fund (the "Wind-Up") in accordance with the provisions of the Canada Business Corporations Act and the Community Small Business Investment Fund Act.

The Wind-Up Distribution will be in the amount of $0.32 per Class A Share.

Where Class A shares of the Fund ("Class A Shares") are held in an account registered in the name of a broker, dealer, bank, trust company or other nominee (the "Nominee") the Wind-Up Distribution will be sent to the Nominee For Class A Shares held in a Renaissance Investments Retirement Savings Plan, Renaissance Investments Retirement Income Fund, or Renaissance Investments Locked-In RSP/LIRA (each, a "Renaissance Plan"), the Wind-Up Distribution will be deposited in the Renaissance Plan and will be automatically reinvested in accordance with the provisions of the Renaissance Plan failing receipt of alternative instructions from the shareholder's investment advisor. For Class A Shares held in a non-registered account, the registered account holder will be mailed a cheque for the amount of the Wind-Up Distribution.

Following the completion of the Wind-Up Distribution, the Fund is expected to dissolve on or about October 18, 2010.

Contact Information