TORONTO, May 13, 2020 /CNW/ - Bridgehouse Asset Managers ("Bridgehouse"), the retail trade name for Brandes Investment Partners & Co., has received the required approvals from securityholders at special meetings to proceed with the mergers announced on February 13, 2020 (each a "Merger" and collectively, the "Mergers") of the following funds:
Terminating Funds |
Continuing Funds |
Lazard Global Equity Income Fund |
Lazard Defensive Global Dividend Fund* |
Lazard Emerging Markets Multi-Asset Fund |
Lazard Global Balanced Income Fund |
*Formerly, Lazard Global Managed Volatility Fund |
The Mergers have also received the required regulatory approvals.
The Mergers of Lazard Global Equity Income Fund into Lazard Defensive Global Dividend Fund and Lazard Emerging Markets Multi-Asset Fund into Lazard Global Balanced Income Fund will be effective on or about May 22, 2020.
Holders of securities of each series of the Terminating Funds will receive securities of their respective Continuing Funds, determined on a 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 effective date of the applicable Merger. 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 is an independent platform for products from investment managers with deep institutional roots including: Brandes Investment Partners, L.P., Lazard Asset Management (Canada), Inc., Morningstar Associates Inc. and Sionna Investment Managers Inc. Through financial advisors, we aim to help Canadians build their long-term wealth by following sound investing principles. Bridgehouse develops product and value-added tools and CE-accredited training to help advisors build stronger ties with clients and maximize the benefits of the financial advice relationship. Our end-goal is to help investors make informed decisions and achieve their long-term financial goals.
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: Samantha Hill, AVP, Sales and Marketing, Bridgehouse Asset Managers, 416-306-5723, [email protected]
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