Desjardins Funds and Diapason Portfolios: Results of Unitholder Meetings
MONTREAL, Sept. 18, 2013 /CNW Telbec/ - Desjardins Investments Inc., manager of the Desjardins Funds (the "Manager"), announced the results of the unitholder meetings held September 18, 2013.
Unitholders of the Desjardins Canadian Balanced Fund approved the previously announced proposal to change the Fund's investment objective, which will be as follows:
- The objective of this Fund is to provide a superior total return by primarily investing in equity and fixed-income securities throughout the world. The proportion of the Fund's assets that are invested in equity and fixed-income securities may vary depending on market conditions.
Pursuant to this change of investment objective, the Fund will change its name to Desjardins Tactical Balanced Fund.
Unitholders of the Diapason Conservative Portfolio approved the previously announced proposal to change the portfolio's investment objective, which will be as follows:
- This Portfolio is a strategic asset allocation fund. Its objective is to provide regular income and a low long-term capital appreciation. Consequently, the Portfolio invests primarily in the units of mutual funds which, in turn, invest in equity and fixed-income throughout the world.
Pursuant to this change of investment objective, the portfolio will change its name to Melodia Conservative Income Portfolio.
Provided that the relevant regulatory authorities consent thereto, it is expected that the changes of investment objective along with the name changes will be implemented on October 18, 2013.
Unitholders of the Diapason Retirement Portfolio G (High Growth) approved the previously announced proposal to merge this portfolio with the Diapason Retirement Portfolio F (Growth).
Pursuant to this merger, Diapason Retirement Portfolio F (Growth) will change its name to Melodia Diversified Income Portfolio.
Provided that the relevant regulatory authorities consent thereto, it is expected that the merger and the name change will be implemented on October 18, 2013.
The Manager reserves the right to reschedule the implementation of any or all of these changes and the merger to a later date, or not to proceed with any or all of these changes.
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada with assets over $200 billion. Drawing on the strength of its caisse network in Québec and Ontario and its subsidiaries across Canada, it offers a full range of financial products and services to its members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty Insurance, in Personal Services, in Business and Institutional Services. Best Corporate Citizen in Canada for 2012 and among Canada's Top 100 Employers, Desjardins is supported by the skills of its 44,942 employees and the commitment of 5,268 elected officers. Desjardins members and the general public are invited to visit Desjardins Group's education and cooperation program website at www.desjardins.com/co-opme.
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