West Palm Beach (HedgeCo.net) – A former hedge fund shareholder of Canadian securities company, Capital Units of Oil Sands Split Trust, is taking legal action regarding the Trust’s Special Annual Retraction that occurred in December, 2008.
The hedge fund said it would take the complaint to the Ontario Superior Court of Justice for, among other things, the timing of the payout and reimbursment of the money owed.
Sentry Select said in a statement that the legal action is without merit and, if the complaint is brought to court, it will be vigorously defended.
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