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Crown Hill Capital Corporation Announces Unitholder Approval of Sustainable Production Energy Trust Reorganization and Merger w

^{Published on 2010-08-30 16:10:21 - Market Wire}
 

 The Reorganization ------------------ 

 (i) reflect the investment objectives, strategies and restrictions of the Continuing Fund. The investment objectives, strategies and restrictions of the Continuing Fund will be those of Energy; (ii) create an annual redemption right exercisable by unitholders of the Continuing Fund in substitution for the existing redemption features of Sustainable commencing in November 2011 pursuant to which the Continuing Fund will retire up to 10% of the public float of units of the Continuing Fund through such annual redemption combined with market purchases pursuant to the proposed on-going normal course issuer bid; (iii) replace the mandatory market purchase program with a normal course issuer bid procedure; (iv) govern the Continuing Fund under the laws of the Province of Ontario; (v) amend the matters that require unitholder approval; (vi) convert the role and responsibilities of the administrator under the Sustainable Declaration of Trust to that of a manager of the Continuing Fund; (vii) remove the administrative fee equal to 1.10% of average net asset value of Sustainable and introduce a management fee equal to 0.70% of average net asset value of the Continuing Fund and an investment management fee paid directly by the Continuing Fund to the investment manager (the fee currently paid by the administrator to the investment manager is 0.40% of the average net asset value of Sustainable); and (viii) terminate 2223785 Ontario Inc. as administrator of Sustainable and the appointment of Crown Hill Capital Corporation as the manager and trustee of the Continuing Fund (the "Manager"). 

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