Canoe Financial Announces Receipt of Securityholder Approval in Respect of the Proposed Fund Mergers
CALGARY, Alberta, Jan. 24, 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 Monthly Income Class into Canoe North American Monthly Income Class and Canoe Equity Income Class into Canoe Asset Allocation Class. The mergers are expected to be completed as of the close of business on March 8, 2019.
The below table outlines all the funds to be merged into their corresponding continuing funds, including those mergers previously approved by securityholders on January 17, 2019.
|Terminating Funds||Continuing Funds|
|Canoe Canadian Monthly Income Class||Canoe North American Monthly Income Class|
|Canoe Equity Income Class||Canoe Asset Allocation Class|
|Canoe Canadian Corporate Bond Fund||Canoe Bond Advantage Fund|
|Canoe Floating Rate Income Fund||Canoe Strategic High Yield Fund|
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 is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe has offices in Calgary, Toronto, Vancouver, Winnipeg, and Montreal.
Canoe Financial LP
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund’s prospectus or the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Our communications, websites and tweets are not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Information is for review purposes only, and investors should consult their registered Investment Advisor for complete details and risk factors on specific strategies and various investment products, prior to making any investment decision.