VANCOUVER, Feb. 7, 2014 /CNW/ - OceanRock Investments Inc. today announced its intention to make specific changes to the Meritas Money Market Fund pending unitholder approval.
Proposed Changes to the Meritas Money Market Fund
OceanRock Investments Inc. ("OceanRock"), the manager, portfolio adviser and trustee of the Fund, is seeking the approval of the unitholders of the Fund to make specific changes to the Fund including changing its fundamental investment objective to the following:
|"to seek income with the potential for long-term capital growth by investing primarily in Canadian fixed income securities and income-oriented equity securities."|
Full details of the proposed changes to the Fund will be contained in a Management Information Circular to be sent to unitholders of the Fund on or about March 14, 2014.
If the necessary unitholder approvals are obtained, the Fund's name will be changed to "Meritas Strategic Income Fund" and it is anticipated that the proposed changes will become effective in or about April 2014.
For more information, please visit: www.oceanrock.ca
About OceanRock Investments Inc.
OceanRock Investments Inc. ("OceanRock") is one of Canada's fastest-growing investment management organizations, offering a full range of managed portfolio solutions and individual funds to meet the needs of individual and institutional investors. OceanRock is dedicated to offering disciplined, risk-controlled diversified investment solutions to Canadian individual and institutional investors and has a core commitment to socially responsible investing (SRI) through its Meritas SRI Funds. OceanRock Investments Inc. is a fully owned subsidiary of Qtrade Financial Group.
SOURCE: Qtrade Financial Group
For further information:
Vice President, Marketing & Communications
Qtrade Financial Group
E: [email protected]