A majority of unitholders of Tradex Canadian Growth Fund on Thursday approved the exchange of their units for shares in Tradex Equity Fund Ltd.

The exchange, which has received regulatory approval, will be completed on Friday, May 10, two days later than originally scheduled. The final day for redeeming units will be Thursday, May 9.

The shares will be allocated on a pro rata basis based upon the percentage that each unitholder’s aggregate net asset value represents of the net asset value of Tradex Canadian Growth Fund on May 10, 2002.