Tradex Management Inc. Announces Foyston, Gordon & Payne Inc. as the New Portfolio Manager for Tradex Bond Fund and ProspectiveChange to the Tradex Bond Fund Investment Objective

OTTAWA, Feb. 25 /CNW/ - Tradex Management Inc. (TMI), the manager of Tradex Bond Fund (the Fund), today announced a change to the portfolio manager of the Fund. Effective March 1, 2011 Foyston, Gordon & Payne Inc. (FGP) will replace TD Asset Management as the portfolio manager for the Fund.

TMI, in its capacity as Manager of the Fund, also announced the intention to hold a Special Meeting of the unitholders of the Fund on April 27, 2011. At this meeting unitholders will be asked to approve a change in the Fund's investment objectives to allow up to 30% of the portfolio to be invested in income producing equity securities. The revised investment objective to be proposed to unitholders is as follows:

"The investment objective is to achieve a combination of income and long-term capital preservation by investing primarily in a diversified portfolio of investment grade Canadian bonds. In addition, up to 30% of the portfolio may be invested in income producing equity securities, such as common shares of Canadian companies that pay dividends, real estate investment trusts, preferred shares and income trusts. The average term to maturity of the bond portfolio must be greater than three years."

Assuming the change in investment objectives is approved by a majority of the unitholders represented at the Special Meeting, the change in investment objectives will become effective immediately following the Special Meeting. TMI has advised that meeting materials will be distributed for the Special Meeting by the end of March, 2011.

Founded in 1960, Tradex is one of Canada's oldest mutual fund organizations. 

Foyston, Gordon & Payne Inc. was founded in 1980 and is located in Toronto, Ontario. The firm manages over $13 billion (as at December 31, 2010) in investment portfolios for corporate clients, pension funds, foundations, endowments, group RRSP's, investment funds, and individuals. The company is jointly owned by its employees and AMG Canada Corp., a wholly-owned subsidiary of Affiliated Managers Group Inc.

SOURCE Tradex Management Inc.

For further information:

Blair Cooper, President
Tradex Management Inc.
(613)233-3394 or

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Tradex Management Inc.

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