TORONTO, Feb. 17, 2017 /CNW/ - Bridgehouse Asset Managers ("Bridgehouse"), the retail trade name for Brandes Investment Partners & Co., has received the required approvals from securityholders at special meetings held on February 17, 2017 to proceed with the mergers announced on December 6, 2016 (each a "Merger" and collectively, the "Mergers") of the following corporate class funds (the "Terminating Funds") into their corresponding trust funds (the "Continuing Funds"):
| Terminating Fund |
Continuing Fund |
| Brandes Global Equity Class |
Brandes Global Equity Fund |
| Sionna Canadian Equity Private Pool |
Sionna Canadian Equity Fund |
| Greystone Canadian Equity Income & Growth Class |
Greystone Canadian Equity Income & Growth Fund |
Each Merger will be effective on or about February 24, 2017, subject to regulatory approvals.
Holders of securities of each series of the Terminating Funds will receive securities of its respective Continuing Fund, determined series-for-series and dollar-for-dollar basis. As soon as practicable following the Mergers, each Terminating Fund will be wound up.
No sales charges, redemption fees or other fees or commissions will be payable by securityholders of the Terminating Funds in connection with the Mergers. All costs and expenses associated with the Mergers will be borne by Bridgehouse. Securityholders of the Terminating Funds will have the right to redeem securities of, or make switches out of, the Terminating Funds up to the close of business on the business day immediately before the effective date of the Mergers. No sales charges, redemption fees or other fees or commissions will be charged to securityholders on the issue of securities of the Continuing Funds or exchange of securities of the Terminating Funds into the Continuing Funds.
About Bridgehouse Asset Managers:
Bridgehouse Asset Managers (Bridgehouse), a trade name of Brandes Investment Partners & Co. since 2013, is an independent platform with five investment managers with institutional roots: Brandes Investment Partners, L.P., Greystone Managed Investments Inc., Lazard Asset Management (Canada) Inc., Sionna Investment Managers Inc. and Morningstar Associates, Inc.
For more about Bridgehouse and the Bridgehouse Funds visit: bridgehousecanada.com and follow us on Twitter and LinkedIn.
Brandes Investment Partners & Co. is the manager of the Bridgehouse Funds. Securities of the Bridgehouse Funds are available through registered dealers only and not available through Bridgehouse. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Returns on mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
This news release is for information purposes only.
SOURCE Bridgehouse Asset Managers
Media Contact: Elizabeth Hoyle, Chief Marketing Officer, Bridgehouse Asset Managers, 416.306.5670, [email protected]
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