Toronto-based Scotia Managed Companies Administration Inc., the manager of Advantaged Canadian High Yield Bond Fund (TSX: AHY.UN), announced Friday that the fund’s unitholders approved amendments that will permit the fund to continue as a closed-end fund after March 29.
In addition, the amendments provide unitholders with a right to redeem their units at their respective net asset value per unit on December 15 of each year commencing in 2013.
Details of the approved changes to the fund are contained in the management information circular of the fund dated Feb, 8, 2013.
The fund is a closed-end investment fund established to provide unitholders with investment exposure to a diversified portfolio of Canadian high yield fixed income securities actively managed by High Rock Capital Management Inc.