McLean Budden Announces Changes to Mutual Fund Reorganization Process

TORONTO, April 12 /CNW/ - McLean Budden Limited, the manager of the McLean Budden Mutual Funds, has made changes to the process to be followed in connection with any future fund mergers or other reorganizations involving the McLean Budden Mutual Funds, the current list of which is below. As a result of this change, in the event of certain fund mergers or reorganizations, as permitted by National Instrument 81-102 - Mutual Funds, unitholders will receive at least 60 days' advance written notice of the proposed merger or other reorganization but will not be asked to approve the merger or reorganization.

Specifically, a mutual fund's reorganization with, or transfer of assets to, another mutual fund may be carried out without the prior approval of the unitholders of the mutual fund provided that certain conditions are met, including: the mutual fund's independent review committee approves the transaction, the reorganization or transfer complies with certain requirements of applicable securities laws, including National Instrument 81-102, and unitholders of the mutual fund are sent a written notice at least 60 days before the effective date of the reorganization.

The McLean Budden Mutual Funds currently include the following funds:

    
    -   McLean Budden Balanced Growth Fund
    -   McLean Budden Balanced Value Fund
    -   McLean Budden Canadian Equity Growth Fund
    -   McLean Budden Canadian Equity Fund
    -   McLean Budden Canadian Equity Value Fund
    -   McLean Budden High Income Equity Fund
    -   McLean Budden American Equity Fund
    -   McLean Budden Global Equity Fund
    -   McLean Budden International Equity Fund
    -   McLean Budden Fixed Income Fund
    -   McLean Budden Money Market Fund
    -   McLean Budden LifePlan(R) 2010 Fund
    -   McLean Budden LifePlan(R) 2020 Fund
    -   McLean Budden LifePlan(R) 2030 Fund
    -   McLean Budden LifePlan(R) Retirement Fund
    

About McLean Budden

Founded in 1947, McLean Budden is one of Canada's oldest and most respected investment firms with offices in Toronto, Montréal, Vancouver and Chicago. The firm actively manages over $35 billion in pension, foundation, mutual fund assets and private wealth on behalf of institutional and private clients across North America, Europe and Asia. The firm's investment philosophy is based on long-term, balanced strategies. Now in its fourth generation of management, McLean Budden's experience and success in succession planning provides the assurance of consistent investment style, service and performance. McLean Budden has 110 employees, including 46 portfolio managers and research analysts. Investment professionals at McLean Budden own approximately 33.5 per cent of the firm and retain day-to-day control of operations. Sun Life Financial, a leading international financial services organization with total assets under management of $412 billion and operations in key markets worldwide, holds a majority interest. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

For further information: Please contact Scott Mahaffy at [phone] if you have any questions relating to this proposed change.