BEST Total Return Fund to be wrapped up

BEST Funds announced that the board of directors of the BEST Total Return Fund, a late-stage venture capital fund, has approved a proposal to wind up the fund and suspend any new investment activity. A meeting of the fund's shareholders will be asked to vote on the proposal in the summer of 2015. The initiative follows respective decisions of the Ontario and federal governments to phase out tax incentive programs for labour-sponsored venture capital funds.

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