BluMont Capital, a wholly-owned subsidiary of Toronto-based Integrated Asset Management, has announced that the merger of BluMont North American Fund into BluMont Canadian Fund has been completed.
BluMont Capital said that the termination of the North American Fund was effective as of October 28, 2009. In that regard, BluMont Capital afforded unitholders of the North American Fund the ability to participate in the wind-up of the North American Fund as at the effective date by way of an in-kind transfer of their investment to the Canadian fund.
The exchange ratio, based on the final net asset value of the North American Fund and the October 28, 2009 net asset value of the Canadian Fund, was 1.1584 units in the Canadian Fund for every North American Fund unit held. On the effective date, the North American Fund ceased to be a reporting issuer (or its equivalent) in all of the provinces of Canada in which it had such status.
BluMont Capital offers investment products designed to provide diversification and return potential outside of traditional equity and bond investments
