Equium Capital Management (Equium Capital), the manager of Equium Global Tactical Allocation Fund, is to terminate the Fund, including the Series A, Series F and ETF Series units, on or about 29 March 2019.
Effective now, the Series A and Series F Units of the Fund are no longer available for purchase, including any purchases made pursuant to existing pre-authorised payment plans. It is anticipated that the ETF Series Units of the Fund will cease trading and be voluntarily delisted from the Toronto Stock Exchange on or about March 28 2019 at the close of business. Effective 28 February 2019, no further subscriptions for ETF Series Units of the Fund will be accepted.
Investors may redeem Units of the Fund until the close of business on 28 March, 2019 in accordance with the Fund’s simplified prospectus. Equium Capital will waive any short-term trading fees for redemptions prior to the Termination Date.
Investors that still hold a position in the Fund at 4:00 pm EST on the Termination Date will receive a cash payment for their Units equal to their proportionate share of all property and assets of the Fund attributable to the applicable series of the Fund, which is expected to be the series net asset value per Unit on the Termination Date multiplied by the number of Units held, net of any applicable taxes. Equium Capital encourages unitholders of the Fund to consult with their financial advisor to understand the financial and tax implications of the termination of the Fund and to determine the solution that best suits their investment needs and personal situation.
A notice will be sent to each unitholder in the Fund regarding the termination.