Long Reserve Life Resource Fund (TSX: LRF.UN) has changed its name to Navina Global Resource Fund effective immediately, Navina Asset Management Inc. said Tuesday.
Last month, Navina announced its plans to convert the closed-end Long Reserve Life Resource Fund to an open-end mutual fund, as previously approved by unitholders.
In a release, Navian said “It is anticipated that effective market close on June 25, units of the fund will no longer be listed or posted for trading on the TSX. Subsequently, it is expected that as of Monday, July 5, units will be redeemable at their net asset value on a daily basis.”
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