Marketwire, from a press release: The Citadel Group of Funds … is pleased to announce that it has filed and received a receipt from the securities regulators across Canada for a preliminary prospectus qualifying the initial public offering of Units of Climate Change Opportunity Corp. (the "Corporation"), a corporation incorporated under the laws of Alberta.
INVESTMENT SCOPE: Climate Change Opportunity Corp. will focus its investments in issuers involved in: (a) the reduction or mitigation of the effects of global climate change (issuers providing products and services to reduce carbon dependency); and (b) the adaptation to the effects of global climate change (issuers providing products and services that facilitate the adaptation to climate change).
INVESTMENT OBJECTIVES: Climate Change Opportunity Corp.'s investment objectives are to provide shareholders with long-term capital appreciation and quarterly cash distributions by investing in an actively managed globally diversified portfolio consisting primarily of listed securities of issuers that the Investment Manager believes will benefit, directly or indirectly, from the impact of climate change on the world economy. Such investment opportunities have been, and are anticipated to be, created by the reaction of entities - including governments, regulators, corporations and individuals - to the threat of climate change.
THE INVESTMENT MANAGER: Galileo Global Equity Advisors Inc. has been appointed the investment manager of the Corporation. Galileo's history has been characterized by the ability to identify new investment trends and capitalize on opportunities arising from such trends, including since 2006 in issuers that benefit from climate change. Galileo's global approach to investing also positions it to identify and invest in non-Canadian companies that are at the forefront of responding to climate change.
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