Canoe Financial Announces Reduction in Management Fees
CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe”) today announced it will be reducing management fees for Series F and Series A of Canoe Bond Advantage Fund, and for Series T6 of Canoe Asset Allocation Portfolio Class.
Effective January 1, 2019, the management fee for Series F of Canoe Bond Advantage Fund will be reduced from 0.85% to 0.75%, the management fee for Series A of Canoe Bond Advantage Fund will be reduced from 1.35% to 1.25% and the management fee for Series T6 of Canoe Asset Allocation Portfolio Class will be reduced from 2.10% to 2.00%.
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.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.
This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.