TORONTO, Oct. 25, 2013 /CNW/ - Pro-Financial Asset Management Inc.
announces it has agreed to sell to Kingship Capital Corporation all the
investment management agreements in respect of the Pro FTSE RAFI
Canadian Index Fund, Pro FTSE RAFI US Index Fund, Pro FTSE RAFI Global
Index Fund, Pro FTSE RAFI Hong Kong China Index Fund, Pro Money Market
Fund, Pro FTSE RAFI Emerging Markets Index Fund, Pro FTSE NA Dividend
Index Fund, Pro Fundamental Balanced Index Fund and Pro Fundamental
Bond Index Fund, which will result in a change of portfolio manager and
investment fund manager for the funds.
The transaction is subject to regulatory review by the Ontario
Securities Commission and to unitholder approval. The independent
review committee of each of the funds will review the change of manager
transaction and provide its recommendation to the manager. Written
notice of the recommendation will be provided to fund unitholders.
If all requisite approvals are obtained, it is expected that the change
of manager transaction will be implemented effective no earlier than
December 15, 2013.
Upon completion of the change of manager transaction, the portfolios of
the funds will be managed by Kingship Capital.
SOURCE: Pro-Financial Asset Management Inc.
For further information:
For further information, please contact Stuart McKinnon, Chief Executive Officer of the manager at 905 815 6901.