Article content material
TORONTO, Sept. 27, 2024 (GLOBE NEWSWIRE) — Power Revenue Fund (TSX – ENI.UN) (the “Fund”) is happy to announce that unitholders can have the chance to redeem as much as 233,879 models (the “Models”) of the Fund.
The annual redemption date has been set for November 28, 2024. Models will likely be redeemed for an quantity per Unit equal to internet asset worth much less redemption prices equal to five% of internet asset worth per Unit (as contemplated within the Fund’s declaration of belief which is out there on the Fund’s SEDAR+ profile at www.sedarplus.ca). If requests for redemptions exceed 233,879 Models, Models will likely be redeemed on a professional rata foundation.
Article content material
With a view to redeem their Models, holders should ship a redemption discover to their dealer sufficiently upfront to make sure that such discover is then delivered to the Fund’s switch agent by no later than 5:00 p.m. (Toronto time) on October 31, 2024. Unitholders wishing to take part within the redemption ought to contact their brokers if they’ve any questions on methods to present a redemption discover.
Models tendered for this redemption will likely be entitled to obtain the October 2024 distribution which, as beforehand introduced, will likely be paid on November 15, 2024.
On or about December 6, 2024, the Fund will announce the annual redemption value and the Fund expects to pay the redemption proceeds to redeeming Unitholders on or earlier than December 20, 2024.
For additional info, please contact Artemis Funding Administration Restricted, the supervisor of the Fund, at (647) 494-0338 or e-mail at data@artemisfunds.ca or go to our web site at www.artemisfunds.ca.
Share this text in your social community
