BluMont Capital Corporation announced today that the merger of BluMont Core Hedge Fund into Exemplar Market Neutral Portfolio has been completed.
The termination of the Core Hedge Fund was effective as of May 27, 2011. In that regard, BluMont Capital afforded unitholders of the Core Hedge Fund the ability to participate in the wind-up of the Core Hedge Fund as at the Effective Date by way of an in-kind transfer of their investment to the Market Neutral Portfolio.
The exchange ratios, based on the final net asset value of the Core Hedge Fund and the May 27, 2011 net asset value of the Market Neutral Portfolio, are outlined below. The Core Hedge Fund termination did not occur on a tax-deferred basis and Unitholders should consult with their tax advisors in this regard.
