Covington Fund II to open up for share redemptions
Covington Group of Funds will open up Covington Fund II for redemptions by shareholders as of January 18, 2016. Redemptions will be honoured for up to 20 percent of the fund's net asset value in the current financial year, or $24 million in total. Covington Fund II, a retail venture capital fund, is currently focused on optimizing the value of investment holdings and creating liquidity. In September, the fund became the controlling investor in Masstech Group Inc, a Canadian provider of workflow and media asset management software solutions.
16 December 2015•3 mins read
