Covington Fund II Update - Spring 2022
Covington continues to work towards a Wind Up of the Fund - which has been impacted by the Covid 19 Pandemic
The Manager's primary focus remains to optimise value in the private investment portfolio and to exit three remaining key holdings as soon as is practical to Wind Up the Fund and return capital to unitholders. We have had two portfolio company sale mandates delayed due to Covid-19 and the ongoing pandemic may continue to impact our plans to Wind Up the Fund. We are hopeful that exits in the portfolio can be completed over the next 6-12 months. The Board recently retained the services of an advisor to assist the Manager to hopefully expedite the strategy to Wind Up the Fund as soon as practical. We will continue to provide updates on this website.
For additional information, the most recent Financial Statements and Manager's Report of Fund Performance can be viewed on this website or at www.sedar.com
The Fund Is Not Currently Accepting Redemptions. The Fund is Not Currently Open for Subscriptions.
Please Contact Client Services for all Account Inquiries at (888) 746-4751.
Check Back Regularly for Updates.