Norrep Fund

Norrep Fund
Norrep Capital Management Ltd.

Norrep Capital Management Ltd.

December 12, 2014 13:47 ET

Norrep Announces Estimated Distribution to Unitholders of the Norrep Fund

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - Norrep Capital Management Ltd. ("Norrep"), the Manager of a strategically focused group of public mutual funds and limited partnerships ("Norrep Investments"), announced today an estimated capital gain distribution for the Norrep Fund for the 2014 tax year of $3.80 per unit. This estimate is for the year-end capital gain distribution only, which will typically be reinvested in units. Please note that this is an estimated amount only as of December 12, 2014, and includes forward-looking information which may cause the estimate to change before the Norrep Fund's December 15, 2014 tax year-end.

The estimated payment date of the 2014 capital gain distribution will be on or about December 15, 2014. The actual taxable amounts of all distributions for 2014, including the tax characteristics of the distribution, will be reported in early 2015.

Forward-looking information

This press release contains forward-looking statements with respect to the estimated annual capital gains distribution for the Norrep Fund. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated in this press release. Material factors that could cause the actual distributions to differ from the estimated distributions between now and December 15, 2014 include, but are not limited to: subscription and redemption activity with respect to the Norrep Fund; the actual amounts of distributions received by the Norrep Fund; the actual amounts of capital gains generated from sales of securities by the Norrep Fund; and trading activity within the Norrep Fund.

Norrep Capital Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.norrep.com for more details about Norrep Investments.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

Contact Information

  • Norrep Capital Management Ltd.
    Holly Luong
    Manager, Dealer & Client Services
    (877) 431-1407