Resolute Funds Limited

August 08, 2005 12:02 ET

Resolute Growth Fund Announces The Fund Will Generally be Closed to Further Investment From Existing Investors Effective The Close of Business on August 31, 2005

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2005) - Resolute Funds Limited, the Manager of the Resolute Growth Fund, today announced that as a result of the growth in the size of the Fund, effective the close of business on August 31, 2005 it would no longer be accepting additional orders to purchase units of the Fund from existing investors, except in limited and exceptional circumstances. As at August 5, 2005, the net asset value of the Fund reached approximately $395 million, and the Manager believes it is now appropriate to close the Fund to further investment. The Fund was generally closed to new investors effective October 22, 2004.

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  • Resolute Funds Limited
    Tom Stanley