Covington News



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: 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.

Covington Strategic Capital Fund Inc. Announces Proposed Acquisition by Covington Fund II Inc.

September 19, 2013

Toronto, September 18, 2013 – Covington Strategic Capital Fund Inc. (“SCF”) announced today that it will submit to shareholders for their consideration and approval a proposal pursuant to which Covington Fund II Inc. (“Fund II”) will, if approved by SCF shareholders, acquire the assets and assume the liabilities of SCF. The proposal is structured such that following completion of the acquisition, shareholders of SCF would become shareholders of Fund II.

Chip Vallis Receives CVCA Community Leadership Award

May 24, 2013

 TORONTO: The CVCA - Canada’s Venture Capital & Private Equity Association, is pleased to announce that Chip Vallis is the recipient of CVCA’s 2013 ‘Community Leadership’ Award.

The purpose of CVCA’s ‘Community Leadership’ Award is to honour individual CVCA Members who have “given back to Community”. This Award serves to highlight that, in addition to supporting Canada’s economic productivity; our members also foster Strong Corporate Social Responsibility as a foundation to building solid, vibrant communities.