MARQUEST ASSET MANAGEMENT INC. ANNOUNCES TERMINATION AND DELISTING OF MARQUEST CANADIAN EQUITY INCOME FUND
Toronto, Ontario, October 31, 2017. Marquest Asset Management Inc. (Marquest) today announced plans to terminate the Marquest Canadian Equity Income Fund (the Fund) based on its ongoing process of reviewing its product lineup and ensuring it meets the evolving needs of its clients. Marquest has determined to terminate the Fund due to the Fund’s current net asset value. The Fund will terminate on or about December 31, 2017 (the Termination Date). The termination does not require unitholder approval.
Marquest expects that the units of the Fund will cease trading on the Toronto Stock Exchange (the TSX) and be delisted from the TSX on or about December 29, 2017. In connection with the termination, the assets of the Fund will be liquidated. As soon as practicable following the Termination Date, the liquidation proceeds will be distributed, after paying or providing for all liabilities and obligations of the Fund, pro rata among unitholders of record of the Fund on the Termination Date. Following the termination and distributions described above with respect to the Fund, the Fund will be dissolved. Marquest will issue an additional press release on or about the Termination Date confirming final details of the termination.
Marquest Asset Management Inc. is a Canadian investment management firm based in Toronto.
For further information, please contact:
Marquest Asset Management Inc.
Attention: Gerald Brockelsby
161 Bay Street, Suite 4420
Toll Free: 1-877-777-1541
Certain information set forth in this press release is considered forward-looking information that involves substantial known and unknown risks. Actual results could differ from those expressed in or implied by this forward-looking information.