TORONTO, Monday, December 7, 2009 – Criterion International Equity Fund (the “Fund”) announces that at the meeting of the Unitholders held today, the Unitholders approved the merger of the Fund with Criterion Global Dividend Fund (the “Criterion Fund”).
The merger referred to above is currently scheduled to occur on Wednesday, December 30, 2009. Assuming receipt of all required approvals, on that date, each class of units of the Fund will be exchanged for the corresponding class of units of the Criterion Fund at an exchange ratio calculated based on the relative net asset value of each fund as at the close of business on Tuesday, December 29, 2009.
The former Unitholders of the Fund will not be required to take any action in order to be recognized as unitholders of the Criterion Fund following the merger.
For more information, please contact Rohit Mehta, Criterion Investments Inc. at (416) 642-5998 or 1-888-642-5998 or visit www.criterioninvestments.com.