Mavrix Explore 2009-I FT Limited Partnership raised total gross proceeds of $6.55 million.Mavrix Fund Management Inc. announced the final closing of the offering on Thursday.The LP will invest in a diversified portfolio of flow-through shares issued by companies engaged primarily in mineral or oil and gas exploration activities in Canada.Toronto-based Mavrix is the manager and […]
Mavrix Tax Deferred Income Fund will change its monthly distribution from 13¢ per unit to 9¢ per unit for both A and F Classes beginning July 31, Mavrix Fund Management Inc. said Thursday.“This change allows the fund to retain the excess yield in the underlying portfolio and provide for capital appreciation in line with the […]
The board of directors of Mavrix Fund Management Inc. has approved the borrowing of up to $5 million under two credit facilities, the company said Tuesday.The purpose the credit facilities — a bank credit facility, and a credit facility funded by Growth Works Ltd. — is to enable Mavrix to access additional financing for the […]
Debentures to move Canadian National Stock Exchange
Deal to close on June 30
$3.9 million in gross proceeds were raised in the sale
Shareholders meeting set for June 24
Mavrix Fund Management Inc. has retained legal and financial advisors to assist it in connection with the proposed offer from GrowthWorks Ltd., Mavrix said Wednesday.Growthworks, through a wholly-owned subsidiary, has offered to acquire all of the outstanding common shares of Mavrix at a price of 25¢ a share.Earlier this month, Mavrix announced it has entered […]
Independent committee struck to consider proposed transaction
In response to historical low short-term interest rates, Mavrix Fund Management Inc. has introduced temporary fee reductions for both of its money market funds, the company said Monday.Thetemporary action is designed to ensure investors receive a reasonable rate of return and will result in a lower management expense ratio. The trailing service fees paid to […]