Front Street Mutual Funds Limited - Proposed merger and shareholder meeting
NOT FOR DISTRIBUTION IN THE
At the special meeting, shareholders will be asked to consider a proposed merger of Front Street Mutual Funds Limited with Front Street Special Opportunities Canadian Fund Ltd., another mutual fund corporation managed by Front Street Capital 2004. The merger would be accomplished by the amalgamation of these two mutual fund corporations under the
As part of the amalgamation, one new class of shares of Front Street Mutual Funds Limited would be created: the Front Street Special Opportunities Canadian Fund class of shares (of which Series A, B and F shares would be created). On the amalgamation of Front Street Mutual Funds Limited with Front Street Special Opportunities Canadian Fund Ltd., existing holders of the Series A, Series B and Series F shares of Front Street Special Opportunities Canadian Fund Ltd. would receive Series A, Series B or Series F shares, respectively, of the Front Street Special Opportunities Canadian Fund class of shares of Front Street Mutual Funds Limited. Accordingly, the amalgamation of these two mutual fund corporations will have no effect on the existing shareholders of the Funds, other than to provide them with an additional investment option that they can switch into on a tax-deferred basis should they wish.
The merger is subject to receipt of all required regulatory approvals, and to the approval of the shareholders of Front Street Special Opportunities Canadian Fund Ltd. at a meeting which will also be held on
Shareholders of record of the Funds on
For further information: Front Street Capital 2004, Investor Relations, 1-800-513-2832 or www.frontstreetcapital.com
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