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VenGrowth Funds Confirm Payments to Managers |
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VenGrowth Funds Confirm Payments to Managers
TORONTO, ONTARIO--(Marketwire - Nov. 24, 2010) - On October 12, 2010, each of the five VenGrowth labour sponsored funds (The VenGrowth Investment Fund Inc., The VenGrowth II Investment Fund Inc., The VenGrowth III Investment Fund Inc., The VenGrowth Advanced Life Sciences Fund Inc. and The VenGrowth Traditional Industries Fund Inc. (the "VenGrowth Funds')) announced a proposed sale of assets to the Covington Fund II Inc. ("Covington II") (the "Covington Transaction"). As part of the Covington Transaction, each of the individual VenGrowth Funds is required to terminate its management and administration contracts with its managers (together, the "VenGrowth Managers").
View More : http://www.marketwire.com/mw/release.do?id=1359285&sourceType=3
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