Business NewsMarketWire • VenGrowth Funds' Shareholders Approve Merger Plan with Covington Fund II

VenGrowth Funds' Shareholders Approve Merger Plan with Covington Fund II

VenGrowth Funds' Shareholders Approve Merger Plan with Covington Fund II

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2010) - VenGrowth Asset Management is pleased to announce that shareholders of each of the VenGrowth Funds voted strongly in favour of the proposed sale of the fund's assets to Covington Fund II Inc. ("Covington II). Shareholders for each of the The VenGrowth Investment Fund Inc. ("VenGrowth I"), The VenGrowth II Investment Fund Inc. ("VenGrowth II"), The VenGrowth III Investment Fund Inc. (VenGrowth III), The VenGrowth Advanced Life Sciences Fund Inc. ("VenGrowth ALSF"), and The VenGrowth Traditional Industries Fund Inc. ("VenGrowth TI") (collectively the "VenGrowth Funds") were asked to vote in favour of the transaction at their respective annual general and special meetings held today.

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VenGrowth Funds' Shareholders Approve Merger Plan with Covington Fund II