BluMont Capital Corporation

BluMont Capital Corporation

April 18, 2012 17:02 ET

BluMont Capital Corporation Announces Fund Termination

TORONTO, ONTARIO--(Marketwire - April 18, 2012) -

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

BluMont Capital Corporation ("BluMont Capital"), in its capacity as manager of Exemplar Global Opportunities Portfolio (the "Portfolio"), has determined that the Portfolio will be terminated effective on or about June 29, 2012 (the "Effective Date"), subject to the receipt of any required regulatory approvals.

Due to the Portfolio's small asset size, BluMont Capital has determined that it is no longer economically practical to continue operating the Portfolio and it would be in the best interests of shareholders to terminate the Portfolio.

As a result of the termination of the Portfolio, shareholders may (i) redeem their shares of the Portfolio prior to the Effective Date or (ii) participate in the wind-up of the Portfolio on the Effective Date and receive the net asset value of their shares at that time.

Shareholders will be permitted to redeem their shares up until the close of business on the last business day before the Effective Date, being the last valuation day before the Effective Date (the "Final Redemption Date"). Investors remaining in the Portfolio after the close of business on the Final Redemption Date will automatically have their shares redeemed for cash as at the Effective Date.

The Portfolio will immediately be closed to any new purchases and begin winding up its affairs and liquidating its assets in an orderly manner. As soon as practicable after the Effective Date, the Portfolio will distribute to shareholders of record as at the Effective Date their proportionate share of the net assets of the Portfolio remaining after paying or providing for all liabilities and obligations of the Portfolio, including any expenses associated with its termination.

About BluMont Capital

From mutual funds to alternative solutions, BluMont Capital's products are designed to protect your capital regardless of market conditions. We have the vision to go beyond convention by empowering our portfolio managers with flexible mandates and the freedom to perform in any market environment.

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$2.0 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
    James Wanstall
    Chief Executive Officer
    416.202.6695 or 866.473.7376