TORONTO, Dec. 10 /CNW/ - Webb Asset Management Canada, Inc. ("Webb Canada"), the manager of the Webb Asset Management Canadian Performance Fund (the "Performance Fund"), and Webb Enhanced Growth Fund (the "Growth Fund"), has called a special meeting of unitholders of Series A, Series F, and Series I units (the "Unitholders") of the Growth Fund on December 30, 2009.
At the special meeting, Unitholders of the Growth Fund will be asked to approve the merger of the Performance Fund into the Growth Fund (the "Proposed Transaction"). Separately, securityholders of the Performance Fund have been asked to approve the Proposed Transaction. If the Proposed Transaction is approved, securityholders of the Performance Fund, a privately placed investment fund, will become Unitholders of the Growth Fund.
Webb Canada believes that the Proposed Transaction will be beneficial to Unitholders because, if approved and upon completion, the Growth Fund would be larger, and have the opportunity to realize greater economies of scale, which could potentially lower the expenses of the Growth Fund on a per-unit basis.
About Webb Canada
Webb Canada, the manager of the Webb Funds, is a progressive asset management company established in 2006 by Derek Webb with the goal of bringing innovative investment strategies to Canadian investors.
SOURCE WEBB ENHANCED GROWTH FUND
For further information: For further information: Derek Webb, President & Chief Executive Officer, Webb Asset Management Canada, Inc., Tel: (416) 646-0975, Fax: (416) 601-2501, webb@WAMfunds.com