Alternative Energy | Mailing Of Information Circular, Proposed Merger Of Creststreet Alternative Energy Class Into Creststreet Resource …
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Alternative Energy | Mailing Of Information Circular, Proposed Merger Of Creststreet Alternative Energy Class Into Creststreet Resource …

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./

CMFL-PR59

TORONTO , Oct. 4, 2012 /CNW/ – Creststreet Asset Management Limited (“Creststreet”) is pleased to announce that on or about October 3, 2012 , a proxy voting package and information circular for a special meeting of shareholders of Creststreet Resource Class, Creststreet Dividend Income Class and Creststreet Alternative Energy Class (the “Funds”) to be held on November 8, 2012 (the “Meeting”) was mailed to investors in the Funds. At the Meeting, Creststreet is seeking approval to:

In connection with the Merger, holders of shares of each series of Creststreet Alternative Energy Class will receive shares of the equivalent series of Creststreet Resource Class, determined on a dollar-for-dollar basis. Additionally, the move to Daily Valuations will benefit shareholders of the Funds by providing more frequent opportunities to subscribe for, redeem or switch investments in the Funds.


Each of the Change of Manager, the Merger and the move to Daily Valuations is being proposed in connection with the previously announced agreement between Creststreet and Brompton pursuant to which Brompton will acquire, among other things, the rights to provide management and administration and portfolio management services to the Funds on or about November 30, 2012 .

Creststreet will also be seeking regulatory approval for the Change of Manager. If the requisite approvals are obtained, it is expected that the Merger will be implemented effective on or about November 29, 2012 and that the Change of Manager will be implemented on or about November 30 , 2012. Following the Merger, Creststreet Alternative Energy Class will be terminated.

The independent review committee (the “IRC”) of each of the Funds has reviewed the potential conflict of interest matters related to the Change of Manager and the move to Daily Valuations and has provided its recommendation to Creststreet that the Change of Manager and the move to Daily Valuations, if implemented, would achieve a fair and reasonable result for each of the Funds. The IRC of Creststreet Alternative Energy Class and Creststreet Resource Class has also reviewed the potential conflict of interest matters related to the Merger and has approved the Merger.

Shares of Creststreet Alternative Energy Class will no longer be available for sale following the close of business on November 7 , 2012. Shareholders of Creststreet Alternative Energy Class will have the right to redeem or switch their shares up to the close of business on the business day immediately preceding the effective date of the Merger.

Following the Merger, all pre-authorized chequing plans that had


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