Criterion Water Infrastructure Fund and Criterion Global Clean Energy Fund Announce Results of Unitholder Meetings
TORONTO, Monday, January 10, 2011 – Criterion Water Infrastructure Fund and Criterion Global Clean Energy Fund (collectively, the “Funds”; each a “Fund”) announce that at the special meetings of the Unitholders of each Fund held today, the Unitholders of each Fund approved the merger of the Funds with Criterion Utility Plus Fund (the “Utility Plus Fund”).
The mergers referred to above are currently scheduled to occur prior to Monday, January 31, 2011, subject to receipt of all required regulatory and third party approvals. Upon completion of the mergers, the units of each Fund will be exchanged for the corresponding units of the Utility Plus Fund at an exchange ratio calculated by dividing the net asset value per unit of the relevant class of the relevant Fund by the net asset value per unit of the relevant class of the Utility Plus Fund, as determined at the close of business on the business day prior to the effective date of the mergers.
For more information, please contact the Manager at (416) 642-5998 or 1-888-642-5998 or visit www.criterioninvestments.com.