March 26, 2010
Marret Asset Management Inc. (“Marret”), as manager of Marret Investment Grade Hedge Fund (the “Fund”) completed an initial closing of approximately 1,800,000 Units (the “Units”) of the Fund at $10.00 per Unit for gross proceeds of $18 million. A second and final closing is expected to occur on April 30, 2010.
The Offering was made on a “best efforts” basis in each of the provinces of Canada to accredited investors. GMP Securities L.P. was the sole agent for the Offering.
Wildeboer Dellelce LLP acted for GMP Securities L.P. with a team which included Perry Dellelce, Ronald Schwass, Al Wiens, Kevin Fritz and Andrea Shreeram (tax).