BluMont Capital Corporation

BluMont Capital Corporation

April 15, 2011 09:30 ET

BluMont Capital Corporation Announces Fund Merger

TORONTO, ONTARIO--(Marketwire - April 15, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE

BluMont Capital Corporation ("BluMont") announced today a plan to streamline its product lineup by merging BluMont Core Hedge Fund (the "Core Hedge Fund") with Exemplar Market Neutral Portfolio (the "Market Neutral Portfolio"), a class of shares of Exemplar Portfolios Ltd. The termination of the Core Hedge Fund will be effective on or about May 27, 2011 (the "Effective Date"). In that regard, BluMont will be affording Unitholders the ability to participate in the wind-up of the Core Hedge Fund as at the Effective Date by way of an in-kind transfer of their investment to the Market Neutral Portfolio.

BluMont believes that the termination of the Core Hedge Fund and Unitholder participation in the Market Neutral Portfolio will benefit Unitholders. The Market Neutral Portfolio will provide daily liquidity and lower minimum purchase amounts, along with lower management fees and tax free switching between other portfolios in its class.

The Market Neutral Portfolio has the same fundamental investment objective as the Core Hedge Fund and Sherpa Asset Management Inc. will continue in its role as portfolio sub-advisor.

Unitholder approval is not required for the merger of the Core Hedge Fund with the Market Neutral Portfolio. On the Effective Date, the Core Hedge Fund will cease to be a reporting issuer (or its equivalent) in all of the provinces of Canada in which it currently has such status.

Founded in 2000, BluMont Capital offers investment products designed to provide enhanced diversification and return potential outside of traditional equity and bond investments. BluMont Capital employs a national sales force and is dedicated to setting new standards in delivering alternative products and services to Canadian retail investors.

BluMont Capital is a wholly owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX:IAM), a leading Canadian alternative asset investment management company with approximately C$2.1 billion in assets and committed capital under management (www.iamgroup.ca).

This news release contains certain "forward-looking statements". The statements that are not historical facts contained in this press release are forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • BluMont Capital Corporation
    866.473.7376