Marret Asset Management Announces Write-down of Private Portfolio of Marret High Yield Strategies Fund and Marret Multi-Strategy Income Fund

Marret Asset Management Announces Write-down of Private Portfolio of Marret High Yield Strategies Fund and Marret Multi-Strategy Income Fund

TORONTO -- Marret Asset Management Inc. ("Marret") today announced that Marret High Yield Strategies Fund ("MHY") (CSE: MHY.UN) and Marret Multi-Strategy Income Fund ("MMF") (CSE: MMF.UN) will take a 57% write-down in the value of securities held in Cline Mining Corporation ("Cline"). Cline is the main asset of MHY and MMF. As a result of the write-down, the net asset value per unit of MHY on October 13, 2023 will decrease from $0.1246 to $0.00…