TORONTO, Dec. 14, 2012 /CNW/ - Cambridge Asset Management Inc. ("Cambridge") is pleased to announce that it has today completed the previously announced transaction (the "Transaction") pursuant to which Cambridge has become the manager of, and assumed the management agreement governing, Lawrence Enterprise Fund Inc. (the "Fund").
The required approvals of the Fund's shareholders were obtained at the annual and special meeting of the shareholders of the Fund held on December 13, 2012. In addition to the required approvals of the Fund's shareholders, the Ontario Securities Commission approved the Transaction on December 14, 2012.
At the special meeting, shareholders also authorized articles of amendment of the Fund to amend the frequency of the calculation of the net asset value and the redemption of the class A shares of the Fund from daily to weekly.
About Cambridge Asset Management Inc.
Cambridge Asset Management Inc. is a Canadian-based private investment management firm with offices in Toronto and is led by Larry Guy, Chief Executive Officer. Cambridge is registered as an Investment Fund Manager and Portfolio Manager in Ontario.
SOURCE: Cambridge Asset Management Inc.
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Chief Executive Officer
Cambridge Asset Management Inc.