From the Wires
Covington Fund II Inc. Series I Announce That Class A Shares Are No Longer Offered For Subscription
By: PR Newswire
Jan. 13, 2013 08:47 PM
TORONTO, Jan. 13, 2013 /CNW/ - Covington Capital Corporation ("Covington") and the Board of Directors for Covington Fund II Inc. (the "Fund") today announced that effective December 28, 2012 the Fund would no longer offer Class A shares for sale to investors. The Fund will remain open to redemptions.
The Manager and Board of Directors believe that this is the best course of action given the overall maturity of the Fund, and the current focus on managing the existing portfolio to build value within the venture holdings while seeking exit opportunities to provide investors with a return of capital.
About Covington Capital Corporation
SOURCE Covington Group of Funds
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