Forward Global Credit Long/Short Fund to liquidate July 26

By Toni Weeks

San Luis Obispo, Calif., June 11 - The board of trustees of Forward Funds approved on June 5 the liquidation of the Forward Global Credit Long/Short Fund, according to a 497 filing with the Securities and Exchange Commission.

The fund will be liquidated on or around July 26, at which time it will distribute pro rata to its shareholders of record all of the assets of the fund.

In light of the upcoming liquidation, shares of the fund are no longer being offered to investors.

The fund seeks to achieve high total return consisting of capital appreciation and income by investing at least 80% of its net assets in a portfolio of fixed-income securities. It specifically seeks to capitalize on inefficiencies in the emerging market corporate bond market by seeking exposure to euro- and dollar-denominated securities, as well as securities denominated in other currencies, and related derivatives.

San Francisco-based Forward Management is the investment adviser to the fund.

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