Brigata Capital Management Inc. announces portfolio management change and proposed merger of the Brigata Funds Français
OTTAWA, Oct. 15, 2012 /CNW/ - Brigata Capital Management Inc., the manager of the Brigata Funds, announced that the portfolio manager for Brigata Canadian Balanced Fund (the "Fund") will change to C.F.G. Heward Investment Management Ltd. ("CFG") from Doherty & Associates Ltd., effective on or about December 7, 2012. The investment strategies of the Fund will be revised to reflect the investment style of CFG.
Brigata Capital Management Inc. has also announced that it proposes to merge Brigata Canadian Equity Fund (the "Terminating Fund") into the Fund, subject to obtaining all necessary unitholder and regulatory approvals. If approved, the merger will be effective in December 2012. The Independent Review Committee of each of the funds will review the potential conflict of interest matter related to the proposed merger to provide its recommendation as to whether the proposed merger, if implemented, would achieve a fair and reasonable result for each of the funds.
If the proposed merger is approved, unitholders of each series of the Terminating Fund will receive units of the equivalent series of the Fund, determined on a dollar-for-dollar basis, and the Terminating Fund will be wound up as soon as possible following the merger. Units of the Terminating Fund will no longer be offered for sale effective at the close of business today.
Unitholder approval will be sought at a special meeting of the Terminating Fund to be held on or about December 3, 2012. In advance of the meeting, full details of the proposed merger will be set out in a notice of meeting and management information circular that will be sent to unitholders of record as at November 2, 2012. The notice of meeting and management information circular will also be available on SEDAR at www.sedar.com.
About Brigata Capital Management Inc.
Brigata Capital Management Inc. is a Canadian mutual fund company with its head-office in Ottawa, Ontario. The company currently manages two mutual funds, the Brigata Canadian Equity Fund and the Brigata Canadian Balanced Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing which summarizes the Fund's objectives, fees, expenses and associated risks. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE: Brigata Capital Management Inc.
James Campbell, Vice President of Operations
Brigata Capital Management Inc.
613-288-0572 Ext. 253
1-888-BRIGATA
[email protected]
Brigata Capital Management Inc.
35 Antares Drive
Ottawa, ON K2E 8B1
Tel: 613-288-0572 ext 241
www.brigatafunds.com
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