September 15, 2016 16:03 ET
TORONTO, ONTARIO--(Marketwired - Sept. 15, 2016) - Strathbridge Asset Management Inc. (the "Manager"), the manager of the U.S. Tactical Allocation Fund (the "Fund"), announced today that it has decided to terminate and wind up the Fund and accordingly all of the Fund's outstanding Class A units and Class F units (collectively, the "Units") will be redeemed on or about November 15, 2016 (the "Termination Date"). In addition, the Fund will no longer accept new subscriptions effective immediately.
Under the Fund's Trust Agreement dated July 27, 2009, as amended, the Manager may, in its discretion, terminate the Fund without the approval of unitholders if, in its opinion, it is no longer economically feasible to continue the Fund and it would be in the best interests of the unitholders to terminate the Fund. Given the current size of the Fund and its related expenses, the Manager has determined that it is in the best interests of the Fund's unitholders for the Fund to be wound up.
Prior to the Termination Date, the Manager will sell and convert to cash, to the extent possible, all of the Fund's property. After the Termination Date, all property remaining after paying or providing for all liabilities and obligations of the Fund will be distributed among the unitholders on a pro-rata basis.
For further information, please visit the Fund's website at www.strathbridge.com or contact Investor Relations at 1-800-725-7172.
Strathbridge Asset Management Inc.John GermainSenior Vice-President & CFOStrathbridge Asset Management Inc.121 King Street West, Suite 2600Toronto, Ontario, M5H 3T9416.681.3966; firstname.lastname@example.org
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