Front Street Capital announced today that it will close the Front Street Special Opportunities Canadian Fund Ltd. to new purchases effective March 31.

Front Street said the closure is a result of the fund having reached its capacity in terms of the amount of money that can be effectively managed while still adhering to the fund’s investment objectives and strategies.

The closure will apply to Series A, B and F shares of the fund but will not apply to purchases made through an investor’s existing pre-authorized purchase plan.

Investors who, prior to March 31, have established a pre-authorized purchase plan with Front Street will continue to be eligible to purchase new shares of the fund.

Front Street may decide to re-open the fund to new purchases at any time.

Based in Toronto, Front Street currently manages a total of over $2.2 billion in assets between their various sector and strategy specific funds.