Pathfinder Convertible Debenture Fund seeks to extend term

By Angela McDaniels

Tacoma, Wash., April 3 - Pathfinder Convertible Debenture Fund wants to extend the term of the fund, according to a company news release.

At a special meeting on May 15, unitholders will vote on proposed amendments that would allow them to maintain their investment in the fund beyond its scheduled termination date of Nov. 28, 2014.

Unitholders who do not wish to maintain their investment beyond the scheduled termination date will have the opportunity to have their units redeemed on May 31.

In addition, some amendments will be proposed that will allow the fund to invest directly in a portfolio of convertible debenture securities following the termination of its current forward purchase and sale agreement that is expected to occur later this year.

The fund is part of Calgary, Alta.-based Middlefield Group.

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