TORONTO, June 19 /CNW/ - Meritage Portfolios(TM) will continue to hold
the RBC Canadian Dividend Fund despite the departure of two co-managers. The
reasons for this decision are, first, that both of the new managers have
exceptional experience in Canadian dividend equity mandates and, second, that
RBC Asset Management has a solid research team as well as a firmly grounded
investment philosophy. In addition, both new managers will continue to use the
tools already in place and will retain the investment style of their
predecessors. Last, Aon Consulting also believes that the Fund will not
experience a significant impact. Aon Consulting is responsible for assessing
any significant change in the portfolios, and participates in the monitoring
The decision is the result of last April's announcement of the departure
of two co-managers of the RBC Canadian Dividend Fund, which triggered a due
diligence process to assess the impact of the departure on the Meritage Income
Portfolios, which include the RBC Canadian Dividend Fund. The review included
a detailed analysis of the investment history of the managers, a meeting with
the new portfolio managers and an independent analysis by Aon Consulting.
Meritage Portfolios(TM) are available only through financial advisors.
Please visit www.meritageportfolios.com for more information.
Meritage Portfolios(TM) are distributed by Altamira Investment Services
Inc. Altamira Investment Services is a leading provider of financial and
retirement planning services offering a wide range of investment solutions
including mutual funds, savings accounts, principal-protected notes and
managed portfolio services. Award-winning client service, product innovation
and expert advice define Altamira's distinctive approach to investment
management. The company is headquartered in Toronto with offices across the
country, and is a subsidiary of the National Bank of Canada.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.
For further information:
For further information: Crystal Jongeward, Public Relations Specialist,
Tel: (416) 507-7252