TORONTO, Nov. 6, 2017 /CNW/ - CI Investments Inc. ("CI") today announced that it has received the required securityholder approval to proceed with the merger of six funds into other funds with similar mandates.
The mergers are as follows:
| Terminating fund |
Continuing fund |
Merger date |
| CI Global Managers Corporate Class |
Select 100e Managed Portfolio Corporate |
November 24, 2017 |
| CI International Corporate Class |
CI International Value Corporate Class |
November 3, 2017 |
| CI International Fund |
CI International Value Fund |
November 3, 2017 |
| Marret Strategic Yield Fund |
Signature Diversified Yield II Fund |
November 3, 2017 |
| Signature High Yield Bond Fund |
Signature High Yield Bond II Fund |
November 3, 2017 |
| Synergy Tactical Asset Allocation Fund |
Signature Income & Growth Fund |
November 3, 2017 |
The mergers relating to Signature High Yield Bond Fund and Synergy Tactical Asset Allocation Fund did not require securityholder approval. Securityholders of the remaining terminating funds approved the mergers at meetings on October 26 and November 2, 2017. In addition, approval was required and received from securityholders of two continuing funds – CI International Value Corporate Class and Select 100e Managed Portfolio Corporate Class.
Pursuant to the mergers, securityholders of each terminating fund received or will receive an equivalent dollar amount of units or shares in the respective continuing fund.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $185.8 billion in assets as of October 31, 2017.
SOURCE CI Financial Corp.
Murray Oxby, Vice-President, Communications, CI Investments, (416) 681-3254, [email protected]
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