Resolute Funds Limited

January 24, 2006 09:49 ET

Resolute Growth Fund Announces The Fund Will Be Terminating Effective The Close Of Business On June 2, 2006

TORONTO, ONTARIO--(CCNMatthews - Jan. 24, 2006) - Resolute Funds Limited, the Manager of the Resolute Growth Fund, today announced that the Fund will be terminating effective the close of business on June 2, 2006, 12 1/2 years after it commenced operations. Prior to the termination date, the Fund's assets will be liquidated. Certain of the Fund's securities may be sold to the Resolute Performance Fund, pursuant to exemptive relief obtained from the securities regulatory authorities in this regard. All of the Fund's units outstanding on the termination date will be redeemed on that date and the proceeds of redemption will thereafter be distributed to the unitholders. Additional information regarding the Fund termination is being mailed to all unitholders today.

Units of the Resolute Performance Fund, launched in June 2005 and now with net assets in excess of $440 million, continue to be offered on a limited basis by the Manager through selected brokers to qualified investors in a minimum initial investment amount of $150,000.

Resolute Funds Limited and its President, Tom Stanley, want to thank the unitholders of the Resolute Growth Fund for their tremendous support over the years and for their understanding with respect to the Fund's termination.

Contact Information

  • Resolute Funds Limited
    Tom Stanley
    President
    416-350-3232