Canoe Financial Announces Receipt of Securityholder Approval in Respect of the Proposed Fund Mergers
CALGARY, Alberta, Jan. 17, 2019 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe” or the “Manager”) is pleased to announce that it has obtained securityholder approval to proceed with the proposed fund mergers of Canoe Canadian Corporate Bond Fund into Canoe Bond Advantage Fund, and Canoe Floating Rate Income Fund into Canoe Strategic High Yield Fund. The mergers are expected to be completed as of the close of business on March 8, 2019.
The Manager also obtained securityholder approval from Canoe Equity Income Class regarding the proposed merger of Canoe Equity Income Class into Canoe Asset Allocation Class.
Adjourned Special Meetings
The special meetings of securityholders of Canoe Asset Allocation Class, Canoe Canadian Monthly Income Class and Canoe North American Monthly Income Class to consider the proposed fund mergers outlined in the table below were adjourned until January 24, 2019.
|Terminating Funds||Continuing Funds|
|Canoe Equity Income Class||Canoe Asset Allocation Class|
|Canoe Canadian Monthly Income Class||Canoe North American Monthly Income Class|
More information about the mergers is set out in the Notice of Special Meetings and Management Information Circular, each dated December 14, 2018, which are available on SEDAR at www.sedar.com and the Manager’s website at www.canoefinancial.com
About Canoe Financial
Canoe is one of Canada’s fastest growing independent mutual fund companies managing $4.5 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Founded in 2008, Canoe Financial LP is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe has offices in Calgary, Toronto, Vancouver, Winnipeg, and Montreal.
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Canoe Financial LP
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