BluMont Capital Corporation

BluMont Capital Corporation

September 20, 2013 14:29 ET

Blumont Capital Corporation Announces Proposed Change of Control

TORONTO, ONTARIO--(Marketwired - Sept. 20, 2013) - Integrated Asset Management Corp., the parent company of BluMont Capital Corporation ("BluMont"), recently announced that it had entered into an agreement with Arrow Capital Management Inc. ("Arrow") to sell BluMont to Arrow (the "Proposed Transaction").

Closing of the Proposed Transaction is subject to, among other things, receipt of all necessary approvals of applicable securities regulatory authorities. Pending approvals, the parties expect the transaction to close in or around November 2013.
BluMont acts as manager and promoter to the following mutual funds (collectively, the "Funds"):

  • Exemplar Canadian Focus Portfolio

  • Exemplar Diversified Portfolio

  • Exemplar Leaders Fund

  • Exemplar Global Infrastructure Fund

  • Exemplar Yield Fund

  • Exemplar Timber Fund

  • Exemplar Global Agriculture Fund

As a result of the acquisition and on closing of the Transaction, there will be a change of control of BluMont. This change however will not have any material impact on the management of the funds. BluMont will remain as manager of the Funds and their current sub-advisors and portfolio managers are expected to continue to manage the Funds in the same manner as prior to the transaction.

Arrow is an employee-owned company, founded in 1999 by James McGovern, CEO. Arrow is well respected throughout Canada for its expertise in providing its clients with an exceptional selection of global alternative investment funds. Arrow had assets under management of approximately $1.0 billion as at August 31, 2013 including its joint venture with Generation Asset Management based in London, England.

Both BluMont and Arrow are based in Toronto. All of the portfolio managers and advisors, including Veronika Hirsch, Alex Ruus, Capital Innovations, LLC and Integrated Managed Futures Corp., will continue to provide services to their respective Funds.

BluMont Capital Corporation is a wholly-owned subsidiary of Integrated Asset Management Corp.("IAM") (TSX:IAM). IAM is one of Canada's leading alternative asset management companies, with approximately $1.9 billion in assets and committed capital under management in private corporate debt, real estate, managed futures, private equity and retail alternative investments.

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