Le Lézard
Classified in: Business
Subject: MUTUAL FUNDS

Waypoint Investment Partners Inc. Announces Termination Of Waypoint Alternative Yield Fund


TORONTO, April 28, 2023 (GLOBE NEWSWIRE) -- Waypoint Investment Partners Inc. ("Waypoint") announced today that it intends to terminate Waypoint Alternative Yield Fund (the "Fund"), effective on or about June 30, 2023 (the "Termination Date"). Effective today, units of the Fund will no longer be available for purchase by new or existing unitholders.

Current unitholders of the Fund are encouraged to contact their investment advisers to discuss their options. At any time before 4:00 PM ET on the Termination Date, unitholders may redeem or switch their units of the Fund into units of Waypoint All Weather Alternative Fund, another mutual fund managed by Waypoint. Waypoint will waive any short-term trading fees and redemption fees charged in connection with redemptions or switches of units of the Fund prior to termination.

Waypoint will send a notice to each investor in the Fund regarding the termination of the Fund.

Any unitholder that does not redeem or switch their units by the close of business on the Termination Date will receive proceeds equal to their proportionate share of all property and assets of the Fund attributable to the applicable series of units of the Fund owned by that unitholder, which is expected to be the series net asset value per unit on the Termination Date multiplied by the number of units of that series held.

About Waypoint Investment Partners Inc.

Waypoint Investment Partners Inc. is a Toronto-based investment manager that services high net worth individuals, family offices, investment advisors, foundations and institutional clients. With a team of 7 experienced industry professionals, Waypoint delivers proprietary products and services. Waypoint is a member of the Portfolio Management Association of Canada and is registered as an Investment Fund Manager, Portfolio Manager and Exempt Market Dealer in several Canadian provinces.

For further information contact Max Torokvei, CEO, Waypoint Investment Partners Inc., at 416 960 7683 or [email protected].



These press releases may also interest you

at 09:00
Annick Timmer Joins The Exclusive Haute Residence Real Estate Network
Annick Timmer embodies the spirit of a vibrant entrepreneur and serves as the co-founder of The EBH Group, a distinguished firm specializing in ultra-luxury real estate and interior design. Within The EBH Group, Annick assumes a...

at 09:00
Statement by the Prime Minister on Tamil Genocide Remembrance Day
The Prime Minister, Justin Trudeau, today issued the following statement on Tamil Genocide Remembrance Day: "Fifteen years ago, the quarter-century-long armed conflict in Sri Lanka came to an end. Tens of thousands of Tamils tragically lost their...

at 09:00
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages UnitedHealth Group Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - UNH
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of UnitedHealth Group Inc. between March 14, 2022 and February 27, 2024, both dates inclusive (the "Class...

at 03:00
Love Energy Savings is official BT authorised partner for British SMEs
SPECIALIST business utilities retailer Love Energy Savings is now a BT Authorised Partner for business connectivity products, including broadband. The move will double the UK addressable market of Love Energy Savings to all 5.5 million small and...

at 00:18
Flash News: OKX Announces Adjustment to Tick Sizes for Select Spot Trading Pairs
OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for May 18, 2024. OKX...

at 00:10
Faraday Future Announces Fourth Quarter and Full Year 2023 Earnings Webcast Timing
Faraday Future Intelligent Electric Inc. ("Faraday Future," "FF," or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it is scheduled to have a conference call on its fourth...

More news about Business...


News published on and distributed by: