Scotia Managed Companies announces upcoming termination of Top 20 U.S. Dividend Trust
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, Oct. 21, 2020 /CNW/ - Scotia Managed Companies Administration Inc. (the "Manager") announced today that Top 20 U.S. Dividend Trust (the "Fund") will terminate on December 31, 2020 (the "Termination Date"). The Trustee of the Fund has concluded that, due to the anticipated decrease to the size of the Fund following the upcoming annual redemption of units on December 31, 2020, as well as the reduction of other investment funds that share common operating expenses with the Fund, it will no longer be economically practical to continue the Fund and it would be in the best interest of unitholders to terminate the Fund on the Termination Date. The last day on which the Fund's Class A units (TSX: TUT.UN) will trade on the Toronto Stock Exchange is December 28, 2020.
On or about December 31, 2020, the Fund will distribute to unitholders, in cash, their pro rata share of the net assets of the Fund after all liabilities of the Fund have been paid or provided for.
U.S.-based tech startup Iozera, in collaboration with the Government of Morocco, announces an initiative set to transform the AI industry. Iozera has announced the signing of a Memorandum of Understanding (MOU) for the establishment of a pioneering...
With a remarkable achievement of 81.556 billion yuan in operating revenue, marking an 11.74% increase from the previous year, and a net profit attributable to shareholders of 7.039 billion yuan, soaring by 27.21%, JA Solar hit historic highs in both...
Leading research and experience management firm Sogolytics will showcase innovations in HR and employee experience at UNLEASH America next week.
"With such a rapid evolution in the world of HR tech, we're seeing some major changes in how employers...
QNB Group, the largest financial institution in the Middle East and Africa, is proud to announce the signing of renowned actor Ahmed Helmy as its new brand ambassador.
The announcement comes in line with the Group's vision and the values of...
