VANCOUVER, Oct. 13, 2017 /CNW/ - Willoughby Asset Management Inc. ("Willoughby"), the Manager of the W.A.M. Portfolios, announces that it has changed the name of the W.A.M. Collins Global Portfolio to W.A.M. Collins Income Pool (the "Collins Pool") and has restated the investment objective to provide for the creation of an income pool to be used by investors seeking a regular stream of income and/or diversification of an equity portfolio.
In addition, Willoughby has:
- revised the investment strategies of the Collins Pool to focus on building a liquid, high-quality income-generating portfolio consisting of various equity and fixed income securities; and
- reduced the management fees of the Collins Pool from 1.98% to 1.88% for the Series A Units and from 1.00% to 0.88% for the Series F Units; and
The amendments are further described in the W.A.M. Portfolio's Amended and Restated Simplified Prospectus, Annual Information Form and the Collins Pool's Fund Facts documents found on SEDAR at www.sedar.com.
About Willoughby Asset Management Inc. and W.A.M. Portfolios
Willoughby Asset Management Inc. is a registered Investment Fund Manager based in Vancouver, British Columbia and is the Manager of the W.A.M. Portfolios. The W.A.M. Portfolios provide complete asset allocation solutions for accredited and non-accredited investors.
SOURCE Willoughby Asset Management Inc.
For further information: Lynn Stibbard, Chief Financial Officer, email@example.com, Toll free: 1.877.558.6822, www.willoughbyasset.com