Landry Investment Management announces changes in its officers and directors, redesignation of certain classes of units and changes of names of the Landry Morin Funds

MONTREAL, Feb. 15, 2013, 2013 (Canada NewsWire via COMTEX) -- Landry Investment Management Inc.

announced today the following changes: New Chief Financial Officer Effective February15, 2013, Kit Dalaroy is appointed as Chief Financial Officer of Landry Investment Management Inc.; Benoit Perraton Brillon, who previously held this position, remains the Chief Investment Officer of the firm.

Changes in Directorship Effective February15, 2013, Mrs. Colette Bournival, Messrs. Nathan Bossen and Germain Carrière stepped down as directors of Landry Investment Management Inc., while Mr.Pierre Simard joined the board, as well as Messrs.Benoit Perraton Brillon, the firm's Chief Investment Officer, and FrederickT. Pye, VicePresident at Landry Investment Management Inc.

"I would like to thank Nathan Bossen, Germain Carrière and Colette Bournival for their contribution and commitment to the firm over the past few years. Mrs.Bournival will serve as Secretary of the firm and remains the firm's VicePresident, Private Management and Chief Compliance Officer." stated Jean-Luc Landry, Chairman and Chief Executive Officer of Landry Investment Management Inc.

Change in Names and Redesignation of Certain Classes of Units As of the date of the next renewal prospectus of the Landry Morin Funds, which should be on or about April5, 2013 (the "Effective Date") (i)the ClassB Units of the Landry Morin Canadian Dividend Plus Fund (the "Dividend Plus Fund") will be renamed as ClassA Units and (ii)the ClassG Units of the Dividend Plus Fund will be renamed as ClassF Units.

On the Effective Date (i)the ClassB Units of each of the Landry Morin Canadian Momentum Fund, Landry Morin World Momentum Fund and Landry Morin U.S. Momentum Fund (the "Momentum Funds") will be redesignated as ClassA Units and (ii)the ClassG Units of each of the Momentum Funds will be redesignated as ClassF Units.

In connection with the aforementioned changes: (i)unitholders will receive units of the same value; (ii)the management fee of the new ClassA Units or ClassF Units will be less than that of the ClassB Units or ClassG Units; (iii)except for the lower management fee, the ClassA Units and the Class FUnits have the same rights and attributes as the ClassB Units and the ClassG Units; (iv)these changes will be effected at no cost to unitholders of the Dividend Plus Fund and the Momentum Funds; (v)no change should be considered a disposition for tax purposes; (vi)the sales charge and commissions payable to dealers and brokers, if any, will remain the same; and (vii)there will be no modification to any of the Funds' investment objectives or strategies.

Change of Name of the Dividend Plus Fund and the Momentum Funds (the "Funds") On the Effective Date, the Funds will change names, which new names will be aligned with the name of the portfolio manager and investment fund manager of the Funds and, for certain Funds, the new names will provide improved clarity and better reflect their mandates. The changes to the names of the Funds are set out in the table below: ___________________________________________________________________ | Existing name | New name | |________________________________|__________________________________| |Landry Morin Canadian Momentum |Landry Canadian Equity Fund | |Fund | | |________________________________|__________________________________| |Landry Morin World Momentum Fund|Landry Global Equity Fund | |________________________________|__________________________________| |Landry Morin U.S. Momentum Fund |Landry U.S. Equity Fund | |________________________________|__________________________________| |Landry Morin Canadian Dividend |Landry Canadian Dividend Plus Fund| |Plus Fund | | |________________________________|__________________________________| About Landry Investment Management Inc.

Landry Investment Management is the investment fund manager of the Landry Morin Family of funds. The firm also offers discretionary portfolio management to private clients, pension funds, foundations and endowment funds. Landry Investment Management is regulated by the Autorité des marchés financiers.

SOURCE: Landry Investment Management Inc.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2013/15/c6175.html SOURCE: Landry Investment Management Inc.

Jean-Luc Landry Chairman and Chief Executive Officer Landry Investment Management Inc. Tel.: (514) 985-1138, ext. 205 jllandry@landryinvest.com

[ Back To Technology News's Homepage ]