The trustee of OpenSky Capital Income Index Fund (OMP.UN) will call a special meeting of the holders of units to consider and approve the liquidation and termination of the fund.

OpensSky says the the decision, which was announced Tuesday, was based on the diminishing size of the fund and its economic viability.

The special meeting will take place on March 12. A voting proxy and proxy circular will be mailed on February 12, to holders of trust units of record on the close of business on February 6. All holders of units are requested to complete and return the voting proxy as soon as possible.

The proposed amendments must be approved by holders of at least 66 2/3 % of the units present in person or by proxy at the special meeting.

The fund, at the discretion of the trustee, intends to maintain monthly distributions for the months prior to the fund’s liquidation and termination.

If approved, the liquidation process will begin promptly after the special meeting. Each holder of units will receive a cash distribution, proportional to the number of units held in the fund upon the date of termination, representing the net asset value per unit of the fund available for distribution. The cash distribution is expected to take as soon as possible after the meeting.

As part of the termination process, the trustee has asked the administrator of fund to set aside, as of January 8, a provision estimated at approximately $85,000 (5¢ per unit presently outstanding) to cover the expenses and other costs relating to the liquidation and termination of the fund.