|By Marketwired .||
|June 2, 2014 11:35 AM EDT||
WINNIPEG, MANITOBA -- (Marketwired) -- 06/02/14 -- Value Partners Investments Inc. ("VPI"), the manager of VPI Value Pool, announced today that VPI Value Pool (the "Pool") will be capped and will no longer be offered for sale to new or existing investors after the close of business on June 30, 2014.
VPI believes it is in the best interests of investors to close the Pool to new purchases as the Pool has accumulated a considerable cash position as the result of sales and the disposition of several holdings within the Pool. At this time, the Portfolio Manager does not believe there are many investment opportunities in the market which meet its strict criteria for quality and value. Until such time as suitable investment opportunities for the Pool do arise and the Portfolio Manager can deploy cash towards those opportunities, VPI believes it is in the best interests of investors to halt the inflow of cash from new sales. VPI does intend to re-open the Pool to new sales in the future and will be actively monitoring the investment activity in the Pool to determine when it is the appropriate time to do so.
VPI does offer several other investment options for investors who may be considering investing with VPI. Please contact your investment advisor for further details.
About Value Partners Investments Inc.
Value Partners Investments Inc. is an investment fund management firm founded in 2005 that currently manages a group of six prospectus qualified mutual funds, the Value Partners Pools, with assets under management of approximately $1.35 billion. The Value Partners Pools are distributed through investment dealers and mutual fund dealers across Canada.
For further information on Value Partners and the Value Partners Pools, please visit www.valuepartnersinvestments.ca or contact Value Partners by telephone at 1-866-323-4235 or by email at [email protected].
Value Partners Investments Inc.
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