TORONTO, ONTARIO--(Marketwired - Aug. 30, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
BMO Nesbitt Burns Inc., the manager (the "Manager") of Global Water Solutions Fund ("Water Fund") announces that the special meeting of unitholders of Commodity Fund (the "Unitholders") scheduled on August 30, 2016 was adjourned due to lack of quorum. The adjourned meeting will be held at 10:00 a.m. (Toronto time) on Wednesday, August 31, 2016 at Suite 5300, TD Bank Tower, 66 Wellington Street West, Toronto, Ontario, M5K 1E6.The record date remains the same for the adjourned meeting. At the adjourned meeting, Unitholders present in person or by proxy will be deemed to constitute quorum.
The special unitholder meeting is to approve the previously announced merger of Coxe Commodity Strategy Fund ("Commodity Fund") and Water Fund, with Water Fund being the continuing fund, and the merger of Coxe Global Agribusiness Income Fund ("Agribusiness Fund") and Water Fund, with Water Fund being the continuing fund (collectively, the "Mergers" and each individually a "Merger"). The notice and management information circular dated July 29, 2016 (the "Circular") which includes details of the matters to be considered at the meetings has been mailed to Unitholders and is available on www.sedar.com.
The separate special unitholder meetings of Commodity Fund and Agribusiness Fund were held today. The unitholders of Commodity Fund approved the Merger of Commodity Fund while the unitholders of Agribusiness Fund did not approve the Merger of Agribusiness Fund. As provided in the Circular, it is not a condition of either Merger that both Mergers proceed. The Manager intends to proceed with the Merger of Commodity Fund and Water Fund, subject to receipt of Unitholder and regulatory approvals.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will", "estimate" and similar expressions to the extent they relate to the funds and the Manager. The forward-looking statements are not historical facts but reflect the current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the funds and the Manager believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the funds nor the Manager undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.