VANCOUVER, April 30 /CNW/ - Qtrade Fund Management Inc. ("QFM"), manager of the QFM family of mutual funds (the "QFM Funds") and the Meritas family of mutual funds (the "Meritas Funds"), announced today plans to change its corporate name to OceanRock Investments Inc. ("OceanRock"). QFM also plans to introduce a number of structural changes to the QFM Funds and the Meritas Funds that will utilize the synergies gained from the recently completed amalgamation of QFM with OceanRock Capital Partners Inc. and Meritas Financial Inc. The changes contemplated will enhance QFM's mutual fund offering generally as well as improve the management, operation and administration of the funds for the benefit of both the funds and their respective unitholders. Changes will include the merger and continuation of certain QFM Funds under the Meritas Funds name, certain QFM Funds will refocus their investment objectives under the new OceanRock name, as well as changes to certain portfolio advisers, custodians and fees and expenses. Full details of all fund changes are available from QFM and in a material change report to be filed on SEDAR at www.sedar.com. The fund changes are expected to be fully implemented by September, 2010 and are subject to applicable notice requirements and receipt of applicable unitholder and regulatory approvals.
The renamed OceanRock entity will continue to be part of the Qtrade Financial Group ("Qtrade"), which currently has approximately $4.5 billion in assets under administration and approximately $360 million in assets under management.
About the Qtrade Financial Group
The Qtrade Financial Group provides comprehensive brokerage and wealth management platforms, services and solutions to the retail public as well as the customers of over 180 financial institutions across Canada. Since 1999, Qtrade has been dedicated to providing its financial institution partners with a single source for market-leading wealth management products and services including: online, full-service and institutional brokerage services, mutual fund dealer services, insurance dealer services, portfolio management and discretionary money management services and proprietary managed money solutions. For more information visit www.qtrade.ca.
SOURCE Qtrade Financial Group
For further information: For further information: Qtrade Financial Group, Pamela Patton, Vice President, Marketing & Partner Relations, T (604) 678-6962, E firstname.lastname@example.org