BluMont Capital Corporation merged the BluMont North American Fund into the BluMont Canadian Fund. The termination of the BluMont North American Fund was effective as of October 28, 2009. In that regard, BluMont Capital afforded Unitholders the ability to participate in the wind-up of the BluMont North American Fund as at the Effective Date by way of an in-kind transfer of their investment to the BluMont Canadian Fund.

The exchange ratio, based on the final net asset value of the BluMont North American Fund and the October 28, 2009 net asset value of the BluMont Canadian Fund, was 1.1584 units in the BluMont Canadian Fund for every BluMont North American Fund unit held.