B.E.S.T. Total Return Fund Inc. has terminated its agreement with equity specialist Roynat Management Inc.

Toronto-based B.E.S.T. Investment Counsel Ltd., the venture capital fund company that manages the Total Return Fund, will takeover all investment sourcing and monitoring duties for the fund. Previously, both B.E.S.T. Investment Counsel and Roynat provided these services.

In a release, B.E.S.T. Total Return said it will continue to rely on its own networks in the investment community to assist it in identifying appropriate investment opportunities for the fund. Its portfolio features a diversified range of small and medium-sized private and public companies.

The fund also announced on that Jonathan Van Huizen has replaced Edward Bosveld as a director. Van Huizen is the Ontario representative for the Christian Labour Association of Canada and a director of CLAC B.E.S.T. Sponsor Inc., a promoter of the fund.

IE