TORONTO, ONTARIO--(Marketwired - Sept. 28, 2016) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES
Front Street MLP and Infrastructure Income Class, Front Street Resource Growth and Income Class, Front Street Balanced Monthly Income Class, Front Street Growth Class, Front Street Special Opportunities Class, Front Street Global Opportunities Class, Front Street Growth and Income Class, Front Street Tactical Equity Class, Front Street U.S. Equity Class, Front Street Money Market Class, Front Street Tactical Bond Class and Front Street Global Balanced Income Class, each a fund of Front Street Mutual Funds Limited ("FSMFL"), Front Street Tactical Bond Fund ("FSTBF") and Front Street Growth Fund ("FSGF", and collectively with each fund of FSMFL and FSTBF, the "Funds") and each of their manager, Front Street Capital 2004 (the "Manager"), have announced that special meetings of the holders of shares of each series of each class of FSMFL (voting together) and the holders of the units of FSGF and FSTBF (collectively, the "Holders") will be held on November 10, 2016.
At the special meetings, Holders will be asked to consider the proposed change of manager of the Funds resulting from the Manager and Aston Hill Financial Inc. ("Aston Hill") entering into an agreement to combine their respective companies, creating a new, leading independent asset management firm (the "Transaction") which would then become the manager of the Funds.
The closing of the Transaction, which is expected to occur by the end of 2016, is subject to a number of conditions precedent including the approval of Aston Hill shareholders and debentureholders, approval of the Holders, securities regulatory approval and satisfaction of other customary closing conditions.
Holders of record on October 11, 2016 will be entitled to receive notice of, and to vote, at the special meetings. An information circular containing details of the matters to be considered at the special meetings will be mailed to such Holders on or about October 19, 2016. This information circular will also be available at www.sedar.com.