TORONTO, June 13, 2013 /CNW/ - Galileo Global Equity Advisors Inc.
("Galileo"), the manager and trustee of Galileo Global Opportunities
Fund (the "Fund"), today announced proposed changes to the investment
objective of the Fund, which will be voted on at a special meeting of
unitholders on August 9, 2013 in Toronto.
Currently, the Fund's investment objective is to provide capital growth
by investing primarily in shares of smaller and medium companies
located around the world that are expected to profit from future
economic growth. Galileo proposes to change the Fund's investment
objective to provide capital growth and income by investing primarily
in a diversified portfolio of equity and debt securities of issuers
located in Canada and around the world.
If the change in the Fund's investment objective is approved by
unitholders at the special meeting, the Fund's investment strategies
will be revised accordingly, and the Fund's name will be changed to
"Galileo Growth and Income Fund" in order to better reflect the Fund's
revised investment objective. Subject to unitholder approval, the
proposed changes will take effect on or about August 30, 2013.
Detailed information about the proposed changes will be provided to
unitholders in a notice of meeting and management information circular
which will be mailed in mid-July 2013. Potential investors can also
obtain this information prior to the special meeting by contacting
Galileo or at www.sedar.com.
About Galileo Global Equity Advisors Inc.
Founded in 2000, Galileo delivers investment advisory and portfolio
management services to institutional clients including pension funds,
high net worth individuals, corporations and trusts. It also manages
the Galileo Mutual Funds (www.galileofunds.ca), which are represented across Canada by independent financial
SOURCE: Galileo Global Equity Advisors Inc.
For further information:
Michael Waring, President and CEO, (416) 594-3636, firstname.lastname@example.org