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| Home : Precious Metals and Mining Trust (TSX:MMP.UN) provides details regarding the 2011 annual redemption |
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Oct 04
2011 |
Precious Metals and Mining Trust (TSX:MMP.UN) provides details regarding the 2011 annual redemption |
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TORONTO, ONTARIO--(Marketwire - Oct. 4, 2011) - Precious Metals and Mining Trust (TSX:MMP.UN) -
Sentry Investments. ("Sentry"), the manager of Precious Metals and Mining Trust (the "Trust"), announces that unitholders who redeemed their units of the Trust (the "Units") effective September 30, 2011, will receive the redemption amount determined in accordance with clause (ii) of the definition of Net Realized Proceeds Per Unit set out in the Trust's Amended and Restated Declaration of Trust, dated March 11, 2009 (the "Declaration of Trust"), as Sentry determined that it was not practicable to make the dispositions described in clause (i) of that definition. As a result, unitholders who tendered Units will receive the Redeeming Percentage of the Trust's Net Asset Value on the Redemption Date, less any applicable costs that Sentry believes would have resulted from the dispositions described in clause (i). |
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| Source:http://www.marketwire.com/mw/release.do?id=1569127&sourceType=3 |
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