Next Edge Capital Announces Termination of Next Edge Theta Yield Fund

TORONTO, ONTARIO--(Marketwired - July 14, 2016) -

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Next Edge Capital Corp. ("Next Edge"), in its capacity as the Manager of Next Edge Theta Yield Fund (the "Fund"), wishes to announce the business decision that it has made to terminate the Fund. In accordance with applicable requirements, the Fund will terminate effective on or about September 20, 2016 (the "Termination Date") and after unitholders have been provided with 60 days' notice (the "Notice Period").

As of the date of this press release, the Fund has been taken out of distribution and is closed to new purchases. Unitholders of the Fund may, however, redeem their units at any time prior to the end of the Notice Period, at no cost, at their prevailing net asset value. If unitholders take no action prior to the end of the Notice Period, units will automatically be redeemed for cash as of the Termination Date based on the applicable net asset value per unit.

The current prospectus of the Fund is available on the SEDAR (System for Electronic Document Analysis and Retrieval) website at www.sedar.com or on the Manager's web-site at www.nextedgecapital.com.

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 about Next Edge 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.