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Drive Products Income Fund: Management Proposes Transaction to Acquire Drive Products Income Fund (TSX: DPI.UN)
TORONTO, ONTARIO (MARKET WIRE) Greg Edmonds and Russell Bilyk announced today that they have proposed a transaction to the board of trustees of Drive Products Income Fund (the 'Fund')(TSX: DPI.UN) under which an entity controlled by Mr. Edmonds and Mr. Bilyk would acquire all of the units of the Fund which they do not already own at a price of C$1.55 per unit, which represents a premium of C$0.30 or 24%, based on the volume weighted average closing price of the units of $1.25 for the 20 day period ending on January 19, 2009. Mr. Edmonds and Mr. Bilyk together currently hold approximately 52.8% of the outstanding units on a
Market Wire

NewsWatch: Leveraged and inverse ETFs are short-term plays only
The market rout in 2008 has exposed the dangers of leveraged and leveraged inverse exchange-traded funds, designed to capture two or three times the movement in a particular stock index or provide 100% opposite results, as investors learned the hard way about the tax and performance distortions inherent in the funds.
MarketWatch.com

Stock & fund quotes - ninemsn
SHANGHAI, Jan 20 (Reuters) - Shanghai aluminium futures fell 3 percent on Tuesday on worries about slowing demand, chasing a similar fall in London metal, which hit its lowest since September 2003 on Monday as exchange inventories surged. Analysts ...
Feed Digest

Venture capital firms raised less in 2008
Venture capital investment funds nationwide didn't grow much in 2008, according to new data from Thomson Reuters and the National Venture Capital Association.
bizjournals

Sterling Shoes Income Fund: Fund Announces Monthly Cash Distribution
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2009) - Sterling Shoes Income Fund (the 'Fund') (TSX:SSI.UN), a Vancouver-based, national specialty footwear retailer, today announced that its Board of Trustees has approved a cash distribution of $0.03333 per trust unit for the period from January 1, 2009 to January 31, 2009, payable on February 16, 2009 to unitholders of record at the close of business on January 30, 2009.Sterling Shoes Limited Partnership (the 'Partnership') is continuing to pay equivalent distributions to the exchangeable LP units of the Partnership.
Marketwire

Korean Fund Ponders Selling U.S. Treasurys
South Korea's national pension fund said it may sell U.S. Treasurys because of the prospect that they'll become less profitable and stoke inflation.
WSJ.com

Drive Products Income Fund: Drive Products Income Fund Announces January 2009 Cash Distributions
TORONTO, ONTARIO (MARKET WIRE) Drive Products Income Fund (TSX: DPI.UN) today announced a cash distribution of $0.02086 per unit for the month of January, 2009 (equivalent to $0.25026 per unit on an annualized basis). The distribution is payable to unitholders of record on January 31, 2009 and will be paid on February 13, 2009.
Market Wire

U.S. Venture Fund-Raising Plunges
VC fund-raising fell 71% in the fourth quarter due to the recession and aversion to risky investments.
Forbes.com

Community powerdown powers up
27 community groups across Scotland from Shetland to the Borders have just received a massive boost with the announcement of over £1,494,000 from the Scottish Government's Climate Challenge Fund.
hie.co.uk

Financial Funds Slump as Prospects Dim
Banks' worse-than-expected losses and cash crunches deal the sector a body blow, dragging down mutual funds and ETFs.
The Street

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