TORONTO, ONTARIO --(Marketwired - Dec. 20, 2013 ) - Due to the 2013 federal government budget announcement that it is discontinuing the Labour Sponsored Venture Capital Corporation ("LSVCC") program, Front Street Capital 2004 (the "Manager") has announced it is considering options with respect to the labour sponsored fund it manages, Front Street Energy Growth Fund Inc. (the "Fund"). The government's announcement has led to liquidity concerns throughout the industry. To ensure all shareholders are treated fairly, the Fund's board of directors has resolved to suspend all Fund redemptions effective today. This suspension of redemptions will give the Fund's investment advisor Front Street Investment Management Inc. (the "Investment Advisor") time to evaluate the Fund's options once the government has enacted any transitional legislation, so as to maximize value for the benefit of all shareholders. Redemption requests submitted on or before December 19, 2013 will be processed. At this time, the Fund's assets consist principally of investments in illiquid equity securities of non-public companies. The Fund would not have sufficient cash to meet its liabilities as they become due if redemptions were left open. As at December 18, 2013 , the Fund's total net asset value is $11,213,777 , which represents $8.5561 per Class A Series I Share, $8.1377 per Class A Series II Share and $7.5021 per Class A Series III Share (all values in Canadian dollars). The foregoing figures are for information purposes only. There is no guarantee as to what shareholders of the Fund may receive in the future. The Fund's Manager and the Investment Advisor are waiving their fees with respect to the Fund effective December 1, 2013 . Any restructuring will be subject to shareholder approval, with a meeting date to be determined in the future, and to certain regulatory review. FOR FURTHER INFORMATION PLEASE CONTACT: Front Street Capital Investor Relations 1-800-513-2832 email@example.com www.frontstreetcapital.com Source: Front Street Energy Growth Fund Inc.
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