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.
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”).
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 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.