Calgary-based Canoe Financial LP has eliminated Floating Rate Income Fund and transferred the units of that fund into Canoe Floating Rate Income Fund.

Canoe Floating Rate Income Fund, the continuing fund, is an open-end mutual fund. It aims to provide a steady flow of income and capital growth through diversified investments primarily in Canadian equity and fixed-income securities, according to the firm’s announcement on Monday.

The merger, which became effective on July 22, was approved by shareholders on Jan. 15.

The unitholders of Floating Rate Income Fund received Series Z shares of the continuing fund.