TORONTO, July 20, 2018 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Marquest Asset Management Inc., please note that all mentions of "Marquest American Dividend Income Fund" should be "Marquest American Dividend Growth Fund"; all mentions of "Marquest American Dividend Income Fund (Corporate Class)" should be "Marquest American Dividend Growth Fund (Corporate Class); all mentions of "Marquest Canadian Covered Call Banks Plus Fund" should be "Marquest Covered Call Canadian Banks Plus Fund"; and all mentions of "Marquest Canadian Covered Call Banks Plus Fund (Corporate Class)" should be "Marquest Covered Call Canadian Banks Plus Fund (Corporate Class)." Complete corrected text follows:
Marquest Asset Management Inc. Announces Risk Rating Changes to Certain Funds
Marquest Asset Management Inc. ("Marquest") today announced changes to the investment risk level of the Marquest Monthly Pay Fund, Marquest Monthly Pay Fund (Corporate Class), Marquest Small Companies Fund, Marquest American Dividend Growth Fund, Marquest American Dividend Growth Fund (Corporate Class), Marquest Covered Call Canadian Banks Plus Fund and Marquest Covered Call Canadian Banks Plus Fund (Corporate Class) (collectively, the "Marquest Funds").
Marquest determines the risk rating for the Marquest Funds in accordance with the Investment Risk Classification Methodology set out in National Instrument 81-102 Investment Funds (“NI81-102”). As a result of its annual review of the investment risk level of the Marquest Funds, Marquest has determined that the investment risk level of seven of the Marquest Funds has changed as indicated below.
These changes have been reflected in the simplified prospectus, annual information form and fund facts of the Marquest Funds dated July 10, 2018 which has been filed with Canadian securities regulators in connection with the funds’ 2018 annual renewal.
| Fund | Current Rating | New Rating |
| Marquest Monthly Pay Fund | Low/Medium | Medium |
| Marquest Monthly Pay Fund (Corporate Class) | Low/Medium | Medium |
| Marquest Small Companies Fund | Medium | High |
| Marquest American Dividend Growth Fund | Low/Medium | Medium |
| Marquest American Dividend Growth Fund (Corporate Class) | Low/Medium | Medium |
| Marquest Covered Call Canadian Banks Plus Fund | Low/Medium | Medium |
| Marquest Covered Call Canadian Banks Plus Fund (Corporate Class) | Low/Medium | Medium |
The new risk ratings are not as a result of any changes to the investment objectives, strategies or portfolio management of the affected funds.
About Marquest Asset Management Inc.
Marquest provides diversified asset and wealth management for both individuals and institutional investors.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For more information, please contact:
Gerald Brockelsby
Chief Investment Officer
(416) 777-7373
