Company News

Covington Fund II Inc. Completes Fiscal 2016 Shareholder Redemptions

October 24, 2016

TORONTO, ONTARIO--( October 24, 2016) – Covington Fund II Inc. (“The Fund”) announced today that it has received over $28 million in shareholder redemption requests.  With the honouring of redemption requests, the Fund will have completed the fiscal 2016 shareholder redemption process relating to 20% of its net asset value as of August 31, 2016, and will not be accepting further redemption requests at this time.

Covington Fund II Inc. To Re-Open to Redemptions on October 24, 2016 at 10am EDT

August 25, 2016

TORONTO, ONTARIO--(Marketwire – August 25, 2016) – Covington is pleased to announce that the Board of Directors of Covington Fund II Inc. (the “Fund”) has approved the re-opening of the Fund to allow for the redemption of approximately $28 million by Class A Shareholders (“Redemption Limit”).

Covington Fund II Inc. Completes $42 million in Shareholder Redemptions

January 18, 2016

TORONTO, ONTARIO--(Marketwire – January 18, 2016) – Covington Fund II Inc. (“The Fund”) announced today that it has received over $42 million in shareholder redemption requests since September 1, 2015, including over $24 million since being re-opened on January 18, 2016.  The Fund has redeemed over 20% of its net asset value as of August 31, 2015, and will not be accepting further redemption requests at this time.

Covington Fund II Inc. Announces it will Re-Open to Redemptions

December 16, 2015

TORONTO, ONTARIO--(Marketwire – December 16, 2015) – Covington is pleased to announce that the Board of Directors of Covington Fund II Inc. (the “Fund”) has approved the re-opening of the Fund for redemptions as of January 18, 2016 at 10:00am

Covington Venture Fund Inc. Series VII Achieves Investment Objective

June 14, 2016

June 14, 2016 – Toronto, Ontario. 

Covington Venture Fund Inc. Series VII Honours Investment Objective by June 1, 2016

June 1, 2016

This communication is to notify shareholders of Class A Shares, Series VII of Covington Venture Fund Inc., formerly Capital First Venture Fund Inc., (the “Fund”), that: (i) the Fund has met one of its objectives by being in a position to return investors’ capital in an amount equal to the subscription price paid for the Class A Shares of the Fund  on or about the Capital Repayment Date; and (ii) the Fund has determined that the most efficient manner in which to effect the objective of returning the original subscription amount of your Class A Shares by the Capital Repayment Date of June 1,

Covington Fund II Inc. Temporarily Suspends Redemptions

September 9, 2015

Covington Fund II Inc. (“Cov II” or the “Fund”) announced today that it has halted redemptions of the Fund as a result of significant and increasing requests for redemptions since the Fund recently opened its restricted share series on September 2, 2015. All redemption requests processed prior to the close of business on September 4th, 2015 are being honoured.

Covington Announces Wind Up of Covington Venture Fund Class A Shares, Series VI

March 31, 2016

Covington Capital Corp. (“Covington”) announced today that it will wind up the Class A Shares, Series VI of the Covington Venture Fund (formerly Venture Partners Balanced Fund Inc., “the Fund”) on or before June 30, 2016. The decision has been made by the Board of Directors and is consistent with the original mandate of the Fund.

Covington Venture Fund Inc. – Series VI Honours Investment Objective by December 15, 2015 (the “Capital Repayment Date”)

December 15, 2015

Notice to all Shareholders: Covington Venture Fund Inc. - Series VI Honours Investment Objective by December 15, 2015 (the "Capital Repayment Date")

Covington Announces Wind Up of Covington Venture Fund: Series I-V

February 14, 2014

Covington Capital Corp. (“Covington”) announced today that Covington Venture Fund Inc. (“Covington Venture Fund”) has entered into an agreement with Covington Fund II Inc. (“Covington Fund II”) for the en bloc sale of the venture portfolio attributable to the Class A shares Series I, II, III, IV, and V (the “Series”) and that Covington Venture Fund will propose the subsequent wind up of the Series.  The proposed sale and wind up remains subject to shareholder approval.

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