Tax Optimized Return Oriented Securities Trust Announces Results of Annual
Redemption
TORONTO, Oct. 4 /CNW/ - Navina Asset Management Inc., the Manager of Tax Optimized Return Oriented Securities Trust announced that on September 30, 2010 it received requests for redemption in respect of a total of 188,200 trust units (TSX: TO.un), representing approximately 6.2% of the total outstanding securities of TOROS. Unitholders who redeemed trust units will be entitled to receive $6.27 per unit, an amount equal to the Net Asset Value per trust unit determined as of September 30, 2010 using a three day volume weighted average trading price of each security in the portfolio less any costs of funding the redemption, including commissions. Unitholders redeeming trust units will receive payment on or before October 15, 2010.
TOROS invests in an actively managed diversified portfolio consisting primarily of income funds, including commodity-based trusts, operating business trusts, REITs and power and pipeline trusts. TOROS is managed by Navina Asset Management Inc., a wholly owned subsidiary of Aston Hill Financial Inc.
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For further information: Catherine Stretch, 416-362-6283, [email protected], www.navinaasset.com
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