TORONTO, ONTARIO -- 10/29/09 --
BluMont Capital Corporation ("BluMont Capital") announced today that the merger of BluMont North American Fund (the "North American Fund") into BluMont Canadian Fund (the "Canadian Fund") has been completed. The termination of the North American Fund was effective as of October 28, 2009 (the "Effective Date"). In that regard, BluMont Capital afforded unitholders of the North American Fund (the "Unitholders") 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. The North American Fund termination did not occur on a tax-deferred basis and Unitholders should consult with their tax advisors in this regard.
Number of
NAV Per Unit Canadian Fund Units per
October 28, 2009 North American Fund Unit
BluMont North American Fund $19.3285 1.1584
BluMont Canadian Fund $16.6852
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.
Founded in 2000, BluMont Capital offers investment products designed to provide enhanced diversification and return potential outside of traditional equity and bond investments. BluMont Capital employs a national sales force and is dedicated to setting new standards in delivering alternative products and services to Canadian retail investors.
BluMont Capital is a wholly-owned subsidiary of Toronto-based Integrated Asset Management Corp. (TSX: IAM), a leading Canadian alternative asset management company with approximately C$2.1 billion in assets and committed capital under management (www.iamgroup.ca).
Contacts:
BluMont Capital Corporation
Operations
866.473.7376
