Equal Weight Plus Fund

Equal Weight Plus Fund

September 10, 2008 18:21 ET

Equal Weight Plus Fund Announces Redemption Amount

CALGARY, ALBERTA--(Marketwire - Sept. 10, 2008) - Equal Weight Plus Fund (TSX:EQW.UN) announces the redemption price of $7.77 per trust unit in respect of the most recent redemption date of August 28, 2008. The redemption amount will be paid to redeeming unitholders on September 22, 2008, the 15th business day in September.

Trust units of Equal Weight may be surrendered for redemption in August of any year, but must be surrendered at least 20 business days prior to the redemption date. Trust units surrendered for redemption are redeemed on the redemption date at a redemption price per unit equal to 100% of the net asset value on the redemption date less the costs of, and associated with, selling a corresponding amount of the portfolio, including commissions. For the purposes of calculating this net asset value, the value of the portfolio securities comprising the portfolio was equal to the weighted average trading price of such securities over the last three business days of the month of August.

For the redemption date of August 28, 2008, approximately 31% of the outstanding trust units were tendered for redemption representing 665,762 units. The combined costs of, and associated with, selling that portion of the portfolio were $0.02 per trust unit.

Contact Information

  • Equal Weight Plus Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    Website: www.citadelfunds.com