Province extends LSIF tax credit
Eligible investors can "rollover" their original investment
Re-opening the fund will allow investors to rollover their existing investment
Impax Venture Fund, Impax Venture Income Fund
But settlement, which would allow monies in the fund to be paid out to shareholders, is contigent on court approval
Proceeds to LSIFs projected to be $13 million
New partnership controlled by funds’ management team
BEST sees potential in LSIF portfolio
Province will maintain full 15% credit though to 2008 tax year
Says decision is “ill-advised”