Friedberg Global-Macro Hedge Fund to Limit New Subscriptions to Match Cash Outflows


TORONTO, June 10, 2021 (GLOBE NEWSWIRE) — Toronto Trust Management Ltd. (“TTML”) announced today that, until further notice, acceptance of new subscriptions for units of Friedberg Global-Macro Hedge Fund (the “Fund”), one of the Friedberg Alternative Mutual Funds, will be limited so as to match, as clearly as possible, the amount of cash outflows of the Fund, primarily due to redemptions and fees. Redemptions are not being suspended.

Units of the Fund are offered under the simplified prospectus of the Friedberg Alternative Mutual Funds. That simplified prospectus and the Fund Facts document of the Fund have been filed, and can be viewed, at www.SEDAR.com.

TTML will review this decision on an ongoing basis, with a view to fully reopening the Fund to new subscriptions when appropriate.

For further information, please contact:

Richard Knight
Vice-President
200 Bay Street, Suite 600
Toronto, Ontario M5J 2W4
Tel: 416-350-2892
Email: info@friedberg.ca



Source link

Latest

Crypto Craze Waited for Everyone to Get In Before Coming Undone

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Claire Ballentine...

Addiction To Ambien – Saving Yourself From Hell

Most people with Ambien addiction will tell you how innocent their start was. They couldn’t sleep and felt under-rested most of the time.