Dynamic Venture Opportunities Fund Ltd. Changes Name to B.E.S.T. Venture Opportunities Fund Inc.

TORONTO, Oct. 23, 2018 /CNW/ - Dynamic Venture Opportunities Fund Ltd. (the "Fund") is pleased to announce that it has changed its name to "B.E.S.T. Venture Opportunities Fund Inc." effective October 22, 2018.  The change of name to B.E.S.T. Venture Opportunities Fund Inc. was approved at a special meeting of the shareholders of the Fund held on October 10, 2018 (the "Meeting"), and reflects the acquisition (the "Acquisition") by B.E.S.T. Investment Counsel Limited ("BEST") of the management, services and principal distribution contracts of the Fund from 1832 Asset Management L.P., the previous investment fund manager and portfolio manager of the Fund. The Acquisition was completed on October 20, 2018. As approved at the Meeting, CIBC Mellon Trust Company was appointed the custodian of the Fund, effective October 22, 2018.

About BEST

B.E.S.T. Investment Counsel Limited, established in 1998, is experienced in raising, investing and managing venture capital and venture debt for companies in emerging sectors. BEST also has substantial experience managing public equity and fixed income securities. BEST currently manages B.E.S.T. Venture Opportunities Fund Inc., a labour sponsored investment fund corporation established in 1993 and B.E.S.T. Total Return Fund Inc. a labour sponsored investment fund corporation formed in 2003 and has been the manager and investment advisor of two other mutual funds. BEST works closely with founders, entrepreneurs and its network of business partners to meet the challenges faced by growing Canadian companies.

Forward-Looking Statements

 This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management of the Fund or its manager at the time the statements are made, and are subject to a variety of risk and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Forward-looking statements and information contained in this news release include the statements relating to the timing of the change in custodian of the Fund.

SOURCE Dynamic Venture Opportunities Fund Ltd