TORONTO, ONTARIO–(Marketwired – Aug. 30, 2016) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

BMO Nesbitt Burns Inc., the administrator (the “Administrator“) of Coxe Global Agribusiness Income Fund (TSX:CAG.UN) (the “Fund“) announces the special meeting (the “Special Meeting“) of unitholders of the Fund (the “Unitholders“) was held today. At the Special Meeting, Unitholders did not approve the previously announced merger of the Fund and Global Water Solutions Fund, as contemplated in the management information circular dated July 29, 2016 (the “Circular“).

In accordance with the Fund’s declaration of trust, the Administrator may, in its discretion, on at least 30 days’ notice to Unitholders, terminate the Fund without the approval of Unitholders if, in the opinion of the Administrator, it would be in the best interests of the Unitholders to terminate the Fund. As set out in the Circular, since the Fund’s investment manager tendered its resignation and the Merger was not approved, the Fund will be terminated in accordance with its declaration of trust.

The Fund will be terminated on October 7, 2016, or as soon as practicable after such date. Following the conversion of the assets of the Fund to cash, and the satisfaction of, or provision for, all liabilities of the Fund, the net assets of the Fund will be distributed to Unitholders on a pro rata basis based on the NAV of the classes of Units. Following such distribution, the Fund will terminate.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will”, “estimate” and similar expressions to the extent they relate to the funds and the Administrator. The forward-looking statements are not historical facts but reflect the current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the funds and the Administrator believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the funds nor the Administrator undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.