Update on the Sale of the Marquest Canadian Fixed Income Fund to Lorica
TORONTO, Jan. 07, 2019 (GLOBE NEWSWIRE) — As previously announced, Marquest Asset Management Inc. (“Marquest”) and Lorica Investment Counsel Inc. (“Lorica” and together with Marquest, the “Firms”) entered into a binding agreement for Lorica to acquire the management contract of the Marquest Canadian Fixed Income Fund (the “Fund”), a retail mutual fund managed by Marquest, together with the data, records, and documents relating to the Fund (the “Transaction”).
The Firms are pleased to announce receipt of the required regulatory and unitholder approval to change the manager and the name of the Fund. The Transaction is expected to close on or about January 11 2019. As soon as practicable following the closing of the Transaction, Lorica will file an amended and restated simplified prospectus for the Fund and the Fund will be renamed the “Lorica Canadian Fixed Income Fund”. Such filing will be made under a new SEDAR profile maintained for the “Lorica Funds” (a group of mutual funds) and the Fund’s continuous disclosure documents will be migrated to such new profile.
About Marquest Asset Management Inc.
Marquest is a Canadian investment firm based in Toronto, which provides diversified asset and wealth management for both individuals and institutional investors.
About Lorica Investment Counsel Inc.
Lorica is a Canadian investment firm based in Toronto, which offers a variety of fixed income investment strategies to institutional, managed account and high net worth clients.
For more information, please contact:
Marquest Asset Management Inc.
Chief Investment Officer
Lorica Investment Counsel Inc.