BRIEF-Marret Asset Management says will not proceed with previously announced proposal to merge Marret High Yield Strategies and Marret Multi-Strategy Income Fund

Wed May 4, 2016 9:22am EDT
 
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May 4 (Reuters) - Marret Asset Management Inc. Announces Updates In Respect Of Marret High Yield Strategies Fund And Marret Multi

* Strategy income fund

* Will not be proceeding with previously announced proposal to merge mmf into mhy

* Merger would not permit funds to maintain their listing on toronto stock exchange Source text for Eikon: (Bengaluru Newsroom: +1-646-223-8780)