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Vengrowth/Covington annual 15% redemption

January 6, 2012 by  
Filed under Covington venture funds

As a Covington Fund II shareholder, when can I take my first annual 15% fee-free redemption?

At the time of the merger, investors could pay a fee to redeem matured shares and those transactions have been completed.  Covington will communicate with financial advisors when the back office conversion has been completed and the first redemption window has opened. The  back office conversion is expected to be completed by the spring of 2012.

Covington posts their latest news at http://www.covingtonfunds.com/default.asp?contentID=80.

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