Excel Funds Management Inc. Receives Approval for Fund Merger
MISSISSAUGA, ON, Nov. 5, 2012 /CNW/ - Excel Funds Management Inc. announces that it has received securityholder approval to merge Excel Income and Growth Fund into Excel EM High Income Fund.
The securityholder approval, obtained at a special meeting held November 2, 2012, followed previous regulatory approval as well as a positive recommendation from the fund's Independent Review Committee. Excel Funds Management Inc. looks forward to continuing to serve the interests of securityholders through its management of the continuing fund, Excel EM High Income Fund.
The merger is expected to be completed on or about November 9, 2012.
About Excel Funds Management Inc.
Excel Funds Management Inc. (Excel Funds) is a multiple Lipper Award winning company, and Canada's only emerging markets focused mutual fund provider. Pioneering emerging markets investing over 14 years ago, they have been partnering exclusively with best in class, on-the-ground portfolio managers that bring Canadian investors firsthand insight and expertise in these flourishing economies. Excel Funds has the most number of funds focused on the emerging markets and through these, investors gain early exposure to companies positioned to become future leaders in some of the world's fastest growing markets.
SOURCE: Excel Funds Management Inc.For further information:
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