NCM Asset Management Ltd. announces proposed fee reduction and risk rating change
CALGARY, Alberta, Sept. 01, 2020 (GLOBE NEWSWIRE) — NCM Asset Management Ltd. (“NCM”), the manager of a strategically focused group of public mutual funds, alternative investment funds, and related products and services, announced plans to reduce the risk rating and management fees of NCM Norrep Fund in connection with the proposed change to its investment objectives.
The changes, as outlined below, are subject to regulatory and/or unitholder approval at a special meeting of unitholders (the “Meeting”) of the fund on October 28, 2020. If the requisite approvals are obtained, it is anticipated that the proposed investment objectives change and corresponding management and risk rating changes will be implemented on or about October 30, 2020.In advance of the Meeting, a notice-and-access document will be mailed on September 30, 2020 to unitholders of record as at September 25, 2020. The notice-and-access document will describe the various ways in which unitholders can obtain a copy of a management information circular that contains full details of the proposed change. The notice-and-access document and management information circular will also be available on SEDAR at www.sedar.com.Risk Rating ChangeSubject to obtaining unitholder approval to change its investment objectives, NCM Norrep Fund will lower its risk rating as outlined below effective on or about October 30, 2020.Risk Classification MethodologyThe methodology used to determine the risk rating of the fund is based on the CSA’s Risk Classification methodology. In accordance with the standardized Risk Classification Methodology mandated by the CSA, NCM reviews risk ratings annually, at a minimum, as well as when a fund undergoes a material change.Fee ChangesSubject to obtaining unitholder approval to change its investment objectives, NCM will reduce the management fee on Series F by 25 basis points, from 1.25% to 1.00% and increase the trailer fee compensation on Series A by 25 basis points, from 0.75% to 1.00% effective on or about October 30, 2020. The management fee on Series A will be unchanged.Please visit www.ncminvestments.com for more details about NCM and its investment products. For the complete disclosure record of the NCM Group of Funds, please visit www.sedar.com.About NCM – NCM Asset Management Ltd.For over 20 years, NCM has been one of Canada’s leaders in actively managed investment products. With a family of actively managed funds, NCM has earned multiple awards recognizing its investment success. NCM is an independent Canadian investment firm with offices in Calgary and Toronto, distributing retail mutual funds and related products and services to Canadian investors, through a third party distribution channel. (www.ncminvestments.com)For further information or assistance, please contact:NCM – NCM Asset Management Ltd.Dealer & Client Services
Attention: Brad Dimitroff
Toll Free: 1-877-431-1407
Dome Tower – Suite 1850, 333 – 7th Avenue S.W., Calgary, AB T2P 2Z1
Email: email@example.com | Website: www.ncminvestments.com