TORONTO, June 13, 2013 /CNW/ - Galileo Global Equity Advisors Inc. ("Galileo"), the manager and trustee of Galileo Global Opportunities Fund (the "Fund"), today announced proposed changes to the investment objective of the Fund, which will be voted on at a special meeting of unitholders on August 9, 2013 in Toronto.
Currently, the Fund's investment objective is to provide capital growth by investing primarily in shares of smaller and medium companies located around the world that are expected to profit from future economic growth. Galileo proposes to change the Fund's investment objective to provide capital growth and income by investing primarily in a diversified portfolio of equity and debt securities of issuers located in Canada and around the world.
If the change in the Fund's investment objective is approved by unitholders at the special meeting, the Fund's investment strategies will be revised accordingly, and the Fund's name will be changed to "Galileo Growth and Income Fund" in order to better reflect the Fund's revised investment objective. Subject to unitholder approval, the proposed changes will take effect on or about August 30, 2013.
Detailed information about the proposed changes will be provided to unitholders in a notice of meeting and management information circular which will be mailed in mid-July 2013. Potential investors can also obtain this information prior to the special meeting by contacting Galileo or at www.sedar.com.
About Galileo Global Equity Advisors Inc.
Founded in 2000, Galileo delivers investment advisory and portfolio management services to institutional clients including pension funds, high net worth individuals, corporations and trusts. It also manages the Galileo Mutual Funds (www.galileofunds.ca), which are represented across Canada by independent financial advisors.
SOURCE: Galileo Global Equity Advisors Inc.
For further information:
Michael Waring, President and CEO, (416) 594-3636, [email protected]