Scotia Managed Companies Administration is cutting the High Rock Canadian High Yield Bond Fund.
It will shut down after the close of business on December 29, 2016. Scotia has concluded that it will no longer be economically practical to continue the fund after the annual redemption of fund units is processed on December 15. Accordingly, it would be in the best interest of the unitholders to terminate the fund on December 29, 2016.
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Unitholders will receive the net asset value per unit that is calculated after the close of business on December 29, 2016. This amount is expected to be paid to unitholders on December 30, 2016.
Trading of units over the Toronto Stock Exchange will continue until the close of business on December 29, 2016 with abridged settlement procedures being in effect such that all trades occurring on or after December 23, 2016 will settle on December 29, 2016.
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