Front Street Resource Performance Fund Ltd. has converted from a closed-end investment fund to an open-end mutual fund, Front Street Capital said Friday.

The fund’s equity shares are now redeemable on a daily basis, at the net asset value per share, subject to a redemption fee. The shares (TSX:FRE) of the fund were delisted from the Toronto Stock Exchange at the close of business on Tuesday, October 27.

The conversion was approved by shareholders of the fund at a special meeting of shareholders held on October 1.

IE