TORONTO, Dec. 11, 2018 /CNW/ - Bridgehouse Asset Managers ("Bridgehouse"), the retail trade name for Brandes Investment Partners & Co., has received the required approval from securityholders at a special meeting held on December 11, 2018 to proceed with the merger announced on September 27, 2018 (the "Merger") of the Greystone Canadian Equity Income & Growth Fund (the "Terminating Fund") into the Morningstar Strategic Canadian Equity Fund (the "Continuing Fund").
As all approvals have been received, the Merger will be effective on or about December 14, 2018.
Holders of securities of each series of the Terminating Fund will receive securities of the Continuing Fund, determined on a series-for-series and dollar-for-dollar basis. As soon as practicable following the Merger, the Terminating Fund will be wound up.
No sales charges, redemption fees or other fees or commissions will be payable by securityholders of the Terminating Fund in connection with the Merger. All costs and expenses associated with the Merger will be borne by Bridgehouse. Securityholders of the Terminating Fund will have the right to redeem securities of, or make switches out of, the Terminating Fund up to the close of business on the business day immediately before the effective date of the Merger. No sales charges, redemption fees or other fees or commissions will be charged to securityholders on the issue of securities of the Continuing Fund or exchange of securities of the Terminating Fund into the Continuing Fund.
Brandes Investment Partners & Co. is the manager of the Bridgehouse Funds. Securities of the Bridgehouse Funds are available through registered dealers only and not available through Bridgehouse. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Returns on mutual funds are not guaranteed, values change frequently and past performance may not be repeated.
News release for information purposes only.
SOURCE Bridgehouse Asset Managers
For further information: Media Contact: Elizabeth Hoyle, Chief Marketing Officer, Bridgehouse Asset Managers, 416.306.5670, [email protected]