Strathbridge Asset Management Inc.

Strathbridge Asset Management Inc.

January 02, 2015 11:20 ET

Strathbridge Asset Management Inc. Announces Securityholder Approval of Proposal

TORONTO, ONTARIO--(Marketwired - Jan. 2, 2015) - Strathbridge Asset Management Inc. (the "Manager") (TSX:CDD.UN)(TSX:GPF.UN)(TSX:LVU.UN)(TSX:NGI.UN)(TSX:PIC.A)(TSX:PIC.PR.A)(TSX:SBN)(TSX:SBN.PR.A)(TSX:TCT.UN)(TSX:TXT.UN)(TSX:TXT.PR.A)(TSX:UTE.UN)(TSX:WFS)(TSX:WFS.PR.A), the manager of Canadian Utilities & Telecom Income Fund, Core Canadian Dividend Trust, Gold Participation and Income Fund, Low Volatility U.S. Equity Income Fund, NDX Growth & Income Fund, Top 10 Canadian Financial Trust, Top 10 Split Trust, Premium Income Corporation, S Split Corp. and World Financial Split Corp. (collectively the "Funds" and each, a "Fund") is pleased to announce that securityholders of the Funds have approved a proposal to change the investment restrictions and/or investment strategy of each of the Funds.

As a result, the Manager will have greater flexibility in managing each Fund's portfolio securities such that each Fund may (i) invest in certain portfolio securities (known as the basket) to enhance returns beyond the Fund's core portfolio holdings, (ii) invest in other investment funds (including exchange traded funds and other Strathbridge funds) to assist in achieving its investment objectives in an efficient manner, (iii) invest up to 10% of its net assets to purchase call options on securities in which it is permitted to invest and (iv) invest portfolio assets entirely in cash or cash equivalents, in the Manager's discretion, for defensive or other purposes.

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

Contact Information

  • Strathbridge Asset Management Inc.
    David Roode
    President, Fund Services
    416.681.3966; 1.800.725.7172

    Strathbridge Asset Management Inc.
    121 King Street West, Suite 2600
    Toronto, Ontario, M5H 3T9
    416.681.3966; 1.800.725.7172
    info@strathbridge.com
    www.strathbridge.com