Press release from CNW Group
Coxe Commodity Strategy Fund files preliminary prospectus for warrant offering
Tuesday, September 27, 2011
Coxe Commodity Strategy Fund files preliminary prospectus for warrant offering07:06 EDT Tuesday, September 27, 2011TORONTO, Sept. 27, 2011 /CNW/ - (TSX: COX.UN) - Coxe Commodity Strategy Fund (the "Fund") is pleased to announce that it has filed a preliminary short form prospectus relating to an offering of Class A warrants ("Class A Warrants") and Class F warrants ("Class F Warrants") to holders of Class A units ("Class A Units") and Class F units ("Class F Units") of the Fund. Each holder of Class A Units and Class F Units of record on a date (the "Record Date") to be established at the time of the filing of the final short form prospectus will receive one Class A Warrant and one Class F Warrant for each Class A Unit and each Class F Unit held, respectively.Each Class A Warrant will entitle its holder to acquire one Class A Unit upon payment of the subscription price. Each Class F Warrant will entitle its holder to acquire one Class F Unit upon payment of the subscription price. The Record Date and the subscription prices will be determined at the time the Fund files its final short form prospectus for the offering.The Fund's investment objective is to provide investors with long term capital growth by executing the commodity investment strategies of Mr. Donald G.M. Coxe, chairman of Coxe Advisors LLP (the "Portfolio Consultant").The Fund seeks to achieve its investment objective by investing in an actively managed portfolio providing exposure to commodity related securities in weightings approximately equal to target weightings established for the Fund from time to time by the Portfolio Consultant in agriculture, base metals & steel, energy and precious metals sectors. Harris Investment Management, Inc. is responsible for implementing the Fund's investment strategy.COXE COMMODITY STRATEGY FUNDFor further information: For further information, please contact BMO Capital Markets at 1.866.864.7760.