Dominion Equity Resource Fund Inc.

October 20, 2005 13:46 ET

Dominion Equity Resource Fund Inc. Announces Clarification Regarding Asset Transfer Transaction

CALGARY, ALBERTA--(CCNMatthews - Oct. 20, 2005) - Dominion Equity Resource Fund Inc. (TSX:DOMEQRES) ("Dominion Equity") provided a clarification today with respect to the previously announced transfer of all of the portfolio assets of TGL Flow-Through (2003) Limited Partnership (the "Partnership") to Dominion Equity in exchange for an equivalent value of mutual fund shares of Dominion Equity. On September 30, 2005 mutual fund shares were issued by Dominion Equity at a net asset value of $34.8843 per share in exchange for the Partnership's portfolio. As previously announced the transaction resulted in the total assets of Dominion Equity increasing to $89.2 million as at the date of closing of the transaction.

Based in Calgary, Alberta, the center of Canada's oil and gas industry, Dominion Equity is a public mutual fund with investments in the equity of Canadian companies involved in the exploration, development, marketing and production of oil and natural gas and related service companies.

Contact Information

  • Dominion Equity Resource Fund Inc.
    Mr. William D. Bonner
    (403) 303-4488