Unitholders of OpenSky Capital Index Income Fund have approved the special resolution to liquidate and dissolve the fund. Over 88% of the votes expressed at today’s special meeting were in favour of the resolution.

Given this approval, Montreal-based OpenSky Capital Inc. says it will instruct the portfolio manager to proceed with an orderly liquidation of the fund’s portfolio of securities and to invest the proceeds into short term debt issued by the Government of Canada pending the final distribution.

OpenSky will ensure that all liabilities of the fund will be discharged from its assets and the remaining assets will be distributed in cash to unitholders proportional to the number of units held in the fund.

Prior to this final cash distribution, OpenSky will prepare a closing balance sheet and the auditors of the fund, PricewaterhouseCoopers LLP, will audit it. OpenSky expects to proceed with the final cash distribution as soon as possible after the completion of the audit. The final cash distribution is anticipated to take place prior to June 30.

Following the payment on March 14, to holders of units on record as of February 29, there will be no monthly distribution made by the fund prior to the final cash distribution. As of March 11, the net asset value per unit was $7.435.