Triax Strategic Yield Management Inc., the manager of World Strategic Yield Fund announced the fund was terminated today prior to Wednesday’s opening of the Toronto Stock Exchange.

Following the termination, the fund was wound-up and the net assets ($13.664 per unit) were paid to the registrar and transfer agent for payment to the registered holder (CDS & Co.) for ultimate distribution to unitholders.

It is expected that CDS will be paid either prior to the close of business on August 14, or early on August 15.