TORONTO, April 12, 2019 /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 April 12, 2019 to proceed with the mergers announced on January 29, 2019 (each a "Merger" and collectively, the "Mergers") of the following funds:
Terminating Funds |
Continuing Funds |
Brandes Global Balanced Fund |
Sionna Canadian Balanced Fund (to be |
Sionna Monthly Income Fund |
renamed effective as of April 12, 2019 as |
Sionna Diversified Income Fund |
Sionna Strategic Income Fund) |
Brandes U.S. Small Cap Equity Fund |
Brandes Global Small Cap Equity Fund |
Sionna Canadian Small Cap Equity Fund |
Sionna Opportunities Fund |
Subject to obtaining regulatory approval, the mergers of (i) Brandes Global Balanced Fund, Sionna Monthly Income Fund and Sionna Diversified Income Fund into Sionna Canadian Balanced Fund and Sionna Canadian Small Cap Equity Fund into Sionna Opportunites Fund will be effective on or about May 3, 2019; and (ii) Brandes U.S. Small Cap Equity Fund into Brandes Global Small Cap Equity Fund will be effective on or about August 23, 2019.
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 (Bridgehouse), a trade name of Brandes Investment Partners & Co. since 2013, is an independent platform with investment managers with institutional roots: Brandes Investment Partners, L.P., 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: Samantha Hill, Senior Global Marketing Manager, Bridgehouse Asset Managers, 416-306-5723, [email protected]
Share this article