Strathbridge Asset Management Inc. has announced (although not yet on their website):
that securityholders of the Funds have approved a proposal to change the investment restrictions and/or investment strategy of each of the Funds.
As a result, the Manager will have greater flexibility in managing each Fund’s portfolio securities such that each Fund may (i) invest in certain portfolio securities (known as the basket) to enhance returns beyond the Fund’s core portfolio holdings, (ii) invest in other investment funds (including exchange traded funds and other Strathbridge funds) to assist in achieving its investment objectives in an efficient manner, (iii) invest up to 10% of its net assets to purchase call options on securities in which it is permitted to invest and (iv) invest portfolio assets entirely in cash or cash equivalents, in the Manager’s discretion, for defensive or other purposes.
The special meetings were previously reported on PrefBlog.
This entry was posted on Friday, January 2nd, 2015 at 6:38 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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PIC.PR.A, SBN.PR.A, TXT.PR.A & WFS.PR.A Holders Approve Mandate Changes
Strathbridge Asset Management Inc. has announced (although not yet on their website):
The special meetings were previously reported on PrefBlog.
This entry was posted on Friday, January 2nd, 2015 at 6:38 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.