Front Street Capital 2004, an independent manager of style diversified corporate class mutual funds, has announced a cumulative adjustment to waive fees and expenses (excluding trailer fees) for three new corporate class funds, as follows: Front Street Growth and Income Fund; Front Street Value Fund; and Front Street Global Opportunities Fund.
All investors who purchased the above mutual funds prior to 31 October, 2011, will be positively impacted with an appreciation in assets held. A price adjustment representing the cumulative waived fees and expenses will be made on 24 November, 2011, for investors on record as at October 31, 2011. As a result of the adjustments, the corresponding NAVs will change.
"We are absorbing the fees and expenses to ease the transition for investors. We are committed to providing access to our world-class portfolio managers, and are confident in their ability to deliver returns," says Gary Selke, CEO, Front Street Capital.