Maxam Capital Management Ltd.

Maxam Capital Management Ltd.

February 08, 2012 18:45 ET

News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2012) - Maxam Capital Management Ltd. ("Maxam", formerly Lions Investment Management Ltd.) has determined that it is in the best interests of unitholders to terminate the Maxam Growth Strategies Fund (the "Fund", formerly the Lions Diversified Strategies Fund). We anticipate that the Fund's termination will occur on or about May 16, 2012.

Due to the Fund's small asset size it has become difficult to economically fulfill the Fund's mandate. Furthermore, the Fund's mandate significantly overlaps with the larger Maxam Diversified Strategies Fund and there is little rationale for offering both mandates to investors.

As a result of the imminent termination of the Fund, Maxam is no longer accepting new purchases of units and redemptions will be suspended to ensure there is an equitable distribution of net assets to unitholders. Leading up to the termination date, the Fund's assets will be liquidated, outstanding liabilities of the Fund will be paid and the remaining net assets will, upon termination, be distributed to unitholders.

Maxam Capital Management Ltd. is committed to offering unique and alternative investment solutions to investors and to the Maxam Diversified Strategies Fund.

About Maxam Capital Management Ltd.

Maxam Capital Management Ltd. is an independent Vancouver-based fund management firm. Maxam Capital Management Ltd. was founded with the philosophy that an active, opportunistic and flexible approach to investing provides the best opportunity for the generation of long-term positive returns through a variety of market environments.

Certain statements included in this news release constitute forward-looking statements, including but not limited to, those identified by the expression "will" and similar expressions to the extent that the relate to Maxam. The forward-looking statements are not historical facts but reflect Maxam's current expectations regarding future results or events, including but not limited to, the proposed date of termination for the Fund. 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 Maxam believes 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. Maxam undertakes no 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.

Contact Information

  • Maxam Capital Management Ltd.
    Travis Dowle
    President
    604-685-0201
    604-685-9970 (FAX)