Gatehouse Capital Inc.

Gatehouse Capital Inc.

November 30, 2010 12:24 ET

Gatehouse Capital Announces Suspension of Redemptions on TIS Preservation and Growth Fund

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - Gatehouse Capital Inc., the manager of TIS Preservation and Growth Fund, announced today, that the securities regulators have granted relief to permit the suspension of redemption of units of the TIS Preservation and Growth Fund effective immediately until June 30, 2011. After extensive consideration, the manager decided that it is in the interest of all unitholders of the fund to suspend redemptions and begin the orderly wind-up of the fund.

The fund will distribute liquid assets to current unitholders by December 20, 2010 by way of special distribution. Gatehouse, in conjunction with the fund's sub-adviser TIS Group, will then continue to actively seek to divest the remaining private investment of the fund.

While the timing of a divestiture of the private investment cannot be certain, the Manager will complete the wind-up of the fund by no later than June 30, 2011.

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