BC Advantage Funds (VCC) Ltd.

BC Advantage Funds (VCC) Ltd.

January 27, 2011 13:39 ET

BC Advantage Funds to Close Advantage Structured Fund I on March 2, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2011) - BC Advantage Funds (VCC) Ltd. announced today that it will close the Advantage Structured Fund I ("ASFI") to further subscriptions on March 2, 2011.

Jim Heppell, President of Advantage commented, "We have built a strong investment portfolio for ASFI over the past two years and are now closing the Fund on March 2, 2011 to ensure that its shareholders receive the full benefit of future dispositions of its portfolio companies. As ASFI is structured to provide dividends to its shareholders as realized gains are achieved, it is expected that shareholders will receive distributions on an ongoing basis and not solely at the end of the legislated hold period."

The ASFI portfolio includes investments in Endurance Wind Power, Redlen Technologies, In Motion Technology and Protox Therapeutics. Endurance, Redlen and In Motion are later stage technology companies with products in the market place and with substantive and growing revenues. Protox recently announced that Warburg Pincus, one of the world's largest private equity firms, has agreed to invest up to $35 million into the company. Protox shares have increased approximately 70% since the date of that announcement.

Purchasers of ASFI shares prior to March 2, 2011 will receive a 30% refundable tax credit for the 2010 taxation year on investments made of up to $200,000 per year (maximum $60,000 annual tax credit).

About Advantage

Advantage offers everyone in BC the opportunity to invest in some of the Province's most promising life science, technology and clean technology companies. Advantage investors receive a 30% refundable tax credit from the BC government on investments of up to $200,000 per year.

For more information about Advantage, please review our prospectus, or visit our website at www.bcadvantagefunds.com.

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