CGS Resource Fund Ltd. Files Its 2009 Annual Financial Report

Monday, 26 April 2010 19:10

Calgary, April 26, 2010: CGS Asset Management Ltd. ("CGS"), the Manager of CGS Resource Fund Ltd. (the "Fund"), is pleased to announce that the 2009 Annual Financial Report has been filed.

Shareholders of the Fund will be mailed a copy of the report in the coming days. A copy of the report is also available by clicking on the following link:

http://www.cgsam.com/docs/pdf/financial_reports/CGSRF/2009_Audited_Financials.pdf

The Fund will opportunistically invest in energy equities, with a specific focus on publicly listed companies that possess proven management teams, attractive assets, and strong balance sheets. The Fund will selectively invest across the eligible universe of resource issuers in an attempt to generate superior risk-adjusted returns for shareholders. The Fund may also invest a portion of its assets into private companies, target special situation opportunities, and hold a significant cash position at any given time.

As of April 23, 2010, the Fund has outperformed the TSX Energy Index during the past 2 years:

CGS Resource Fund TSX Energy Index
YTD 6.8% 1.2%
1 MTH 2.9% 6.3%
3 MTH 2.9% 5.3%
6 MTH 12.4% 0.5%
1 YEAR 37.6% 25.1%
2 YEAR 0.8% -25.5%

 

Two new FundSERV codes have been created to allow for investors to add capital to this actively managed, oil & gas focused investment product:

CGS 310: Initial Sales Charge Option
CGS 350: Fee Based Accounts

For more information concerning the Fund please contact:

Brian Viveiros
National Sales & Marketing Manager
CGS Asset Management Ltd.
T: 905.553.5902
C: 647.280.3307
E: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Clarence Chow, P. Eng.
Portfolio Manager
CGS Asset Management Ltd.
T: 403.571.0692
F: 403.263.5554
E: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

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