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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Covington Fund II Inc. Series I Announce That Class A Shares Are No Longer Offered For Subscription

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
Founded in 1995, Covington Capital Corporation (www.covingtonfunds.com) is one of Canada's largest and most experienced venture capital fund providers.  Managing approximately $300 million in venture capital assets on behalf of institutional and retail investors, Covington invests in small-and-medium businesses throughout many industry sectors.  Covington Capital Corporation is headquartered in Toronto, Ontario.

SOURCE Covington Group of Funds

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