Next Edge Capital Corp.

Next Edge Capital Corp.
Next Edge GLG Emerging Markets Fund

Next Edge GLG EM Income Fund

GLG Emerging Markets Income Portfolio Ltd.

GLG Emerging Markets Income Portfolio II Ltd.

October 28, 2014 16:50 ET

Next Edge Capital Announces Fund Liquidations and Subsequent Fund Mergers

TORONTO, ONTARIO--(Marketwired - Oct. 28, 2014) - Next Edge Capital Corp. ("Next Edge"), the manager of the Next Edge GLG Emerging Markets Fund ("Emerging Markets Fund") and Next Edge GLG EM Income Fund ("EM Income Fund" and together with the Emerging Markets Fund, the "Funds"), announces the liquidation of the underlying funds to the Funds, effective as of October 31, 2014. Effective as of October 31, 2014, the Funds will be invested in cash and no further management fees or servicing fees will be charged or payable by the unitholders of the Funds. Furthermore, any redemption fees, as applicable, payable upon redemption of units of EM Income Fund will also be waived as of October 31, 2014. Next Edge also announces that a special meeting of unitholders of the Funds (the "Meeting") to consider and approve the merger of the Funds with Next Edge Theta Yield Fund ("Theta Fund"), an open-ended mutual fund managed by Next Edge, will be held on December 3, 2014, and Next Edge has fixed the close of business on October 27, 2014 as the record date for the purpose of determining unitholders entitled to receive notice of, and vote at, the Meeting.

The mergers are subject to the satisfaction of all regulatory requirements including approval by unitholders of each Fund. A notice and management information circular which will include details of the matters to be considered at the Meeting will be mailed to unitholders and available on www.sedar.com.

Unitholders of EM Income Fund may redeem their units on a weekly basis in accordance with the EM Income Fund's normal redemption policies. The Class A Units of Emerging Markets Fund will continue to trade on a daily basis on the Toronto Stock Exchange. If approved, Next Edge expects that the merger will be implemented on or about December 18, 2014. Upon completion of the merger, unitholders of the Funds will receive units of Theta Fund. Holders of Class A Units of Emerging Markets Fund will receive Class A1 Units of Theta Fund, holders of Class F Units of Emerging Markets Fund will receive Class F1 Units of Theta Fund, holders of Class L Units and Class N Units of EM Fund will receive Class A1 Units of Theta Fund and holders of Class M Units and Class O Units of EM Fund will receive Class F1 Units of Theta Fund. Classes A1 and F1 of Theta Fund are Founders Classes which will not charge a management fee and only a performance fee over the Fund's benchmark will be payable with respect to these classes. The Funds will be wound up as soon as reasonably practicable following the merger.

It is anticipated that investors in the Funds will benefit from paying no management fees, a reduction in MERs and improved portfolio diversification as a result of the merger with Theta Fund.

About Next Edge Capital:

Next Edge was formed through a management spin out of the Canadian office of Man Investments Canada Corp. The management team opened the Canadian office of Man Group plc. ("Man") in 2006 and has raised over CDN $1.0 billion since inception. Next Edge continues to support a number of the Canadian retail products offered by Man.

Next Edge searches the world for investment managers and strategies that aim to deliver robust risk- adjusted performance. The people and approaches we discover may not be well known in Canada, but we think they provide something remarkable - access to what's next. Our job is to cut through all the noise of short term performance and extra risk-taking to discern real talent. Our clients appreciate being first to see compelling new approaches, even though some are complex or are limited in capacity. For more than a decade, the Next Edge management team has provided rare access to unique strategies before they became widely known. Further information can be found at www.nextedgecapital.com.

Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment services.

Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

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