TORONTO, June 29, 2012 /CNW/ - Caldwell Investment Management Ltd.
("Caldwell") announces that it has completed the previously announced
mergers of (a) Caldwell Global Financial Services Fund into Caldwell
Balanced Fund and (b) Caldwell Meisels Canada Fund into Caldwell High
Income Equity Fund (collectively, the "Mergers"), as well as the Fee
Change and Investment Objective Change as outlined below.
The Mergers received unitholder approval at special meetings held on
June 12, 2012 (the "Meetings") and regulatory approval from the Ontario
Securities Commission on its own behalf and on behalf of the Canadian
securities regulatory authorities on June 15, 2012. The Mergers are
effective as of June 25, 2012.
The Fee Change and Investment Objective Change
The previously announced proposals to amend (a) the management fee
payable by Caldwell High Income Equity Fund to Caldwell (the "Fee
Change") and (b) the fundamental investment objective of Caldwell
Balanced Fund (the "Investment Objective Change") also received
unitholder approval at the Meetings. The Fee Change and the Investment
Objective Change are effective as of June 25, 2012.
Caldwell Investment Management Ltd. offers a broad range of investment
management products and services and can be found on the web at www.caldwellinvestment.com.
SOURCE Caldwell Mutual Funds
For further information:
Brendan T. N. Caldwell