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MARKOPOLISon May 12, 2023 8:04pm
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SLATE SECURITIES FUND IS CLOSING DOWN
SLATE SECURITIES FUND IS CLOSING DOWN https://evolveetfs.com/product/bilt/
You are subscribed to News Releases for $BILT on CEO.CA. You can find the full news release at https://pro.ceo.ca/@newswire/evolve-announces-fund-closure-ae57e Evolve Announces Fund Closure
TORONTO, May 12, 2023 /CNW/ - Evolve Funds Group Inc. ("Evolve" or the "Manager") announces that it will terminate the Evolve Slate Global Real Estate Enhanced Yield Fund ("BILT" or the "Fund") on or about August 10, 2023 (the "Termination Date").
The Manager will request the Toronto Stock Exchange ("TSX") to voluntarily de-list the units of the Fund from TSX on or about August 8, 2023, with all units still held by investors being subject to a mandatory redemption as of the Termination Date. Effective July 11, 2023, no further subscriptions for units of the Fund will be accepted.
Prior to the Termination Date, the Manager will, to the extent reasonably possible, convert the assets of the Fund to cash and after paying or making adequate provision for all of the Fund's liabilities, as soon as practicable following the Termination Date distribute the net assets of the Fund pro-rata among the unitholders of record of the Fund on the Termination Date.
The Manager will issue an additional press release on or about the Termination Date confirming final details of the termination. Further details of termination have also been mailed to unitholders of the Fund.
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