The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Front Street Strategic Yield Fund Ltd. Redemption of Equity Shares Pursuant to 2013 Special Redemption Right

Friday, May 17, 2013

Front Street Strategic Yield Fund Ltd. Redemption of Equity Shares Pursuant to 2013 Special Redemption Right

09:17 EDT Friday, May 17, 2013

TORONTO, ONTARIO--(Marketwired - May 17, 2013) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES

Front Street Strategic Yield Fund Ltd. ("FSS") (TSX:FSS) announced that 5,844,228 equity shares, representing approximately 68.75% of the outstanding equity shares of FSS, have been retracted pursuant to the special redemption right implemented by FSS (the "2013 Special Redemption Right"). Payment for redemptions will be made on or about May 24, 2013, at a redemption price of $5.2717 per equity share. The redemption price is equal to the net asset value per equity share on the redemption date, May 16, 2013.

Complete details regarding the 2013 Special Redemption Right were outlined in the joint management proxy circular dated March 8, 2013 and sent to shareholders of record on March 8, 2013, and the press release dated April 23, 2013. The joint management proxy circular and the press release are also available at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Front Street Capital
Investor Relations
1-800-513-2832
www.frontstreetcapital.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections