Crown Hill Fund said Tuesday that the special meeting of the fund held on June 29 to consider the reorganization of the fund was adjourned to Monday, July 13.
The first step in the reorganization involves the formation of a joint venture between the fund and its manager, Toronto-based Crown Hill Capital Corp., that will hold the management rights to the fund and the Citadel Group of Funds once the reorganization is complete.
Crown Hill said securities regulatory authorities have expressed concerns about the reorganization. The reorganization will not proceed until the concerns of the securities regulatory authorities are resolved.
The fund (TSX: MYT.UN) is a successor to a number of different funds, including: Crown Hill Dividend Fund; MACCs Sustainable Yield Trust; and Fairway Diversified Income and Growth Trust.
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Crown Hill Fund special meeting adjourned
- By: IE Staff
- June 30, 2009 June 30, 2009
- 11:55
IE Staff