Cookson Peirce Core Equity Fund to be liquidated Jan. 6

By Tali David

Minneapolis, Oct. 27 - The board of trustees of Trust for Professional Managers announced that it will close and liquidate the Cookson Peirce Core Equity Fund.

The board said it concluded that it would be in the best interests of the fund and its shareholders that the fund be closed and liquidated as a series of the trust, effective as of the close of business on Jan. 6, 2012.

In anticipation of the fund's liquidation, the board announced that the fund will be closed to new purchases effective as of Nov.1. However, any distributions declared to shareholders after Nov. 1 and until the close of trading on Jan. 6, 2012 will be automatically reimbursed in additional shares of the fund unless a shareholder specifically requests payment in cash.

Shareholders may continue to redeem shares of the fund.

Cookson Peirce is based in Pittsburgh.

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