TSX SYMBOL: MMF.UN
TORONTO, Dec. 3, 2013 /CNW/ - Marret Multi-Strategy Income Fund (the "Fund") announced that 7,417,033 Class A units and 458,377 Class F units, representing approximately 70.02% and 53.23%, respectively, of the current issued and outstanding units of such class, have been tendered for redemption on the Fund's annual redemption date of December 31, 2013 (the "Redemption Date"). Payment of the redemption proceeds will be made on or before January 22, 2014 at a redemption price equal to 100% of the net asset value per unit of that class of units on the Redemption Date, less costs associated with the redemption, including commissions and other such costs, if any, relating to the partial settlement of the Forward Agreement to fund such redemption. As of November 29, 2013 and prior to taking into account the effect of the redemption, the net asset value of the Fund was approximately $117 million.
About Marret Asset Management Inc.
Marret Asset Management Inc. is the manager of the Fund and is 65% owned by CI Financial Corp. Marret and its experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies. Barry Allan, the President and Chief Investment Officer, founded Marret in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank. Mr. Allan has over 30 years of experience in credit and fixed income markets.
About CI Financial Corp.
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.
SOURCE: Marret Asset Management Inc.
For further information on the Fund, contact Marret Investor Relations at 416-214-5800 or [email protected]., or about Marret, go to www.marret.com
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