Toronto-based Galileo Global Equity Advisors Inc. proposed changes to the investment objective of its Galileo Global Opportunities Fund on Thursday.
The proposed change would allow the fund’s managers to provide capital growth and income by investing in a diversified portfolio of equity and debt securities both globally and in Canada. Currently, the investment objective is to provide capital growth through shares of small-to-mid-sized companies around the world.
Following unitholder approval, the proposed change will take effect in August 2013 and the fund will be re-named the Galileo Growth and Income Fund.
Unitholders will receive further information about the proposed changes in a notice of meeting and management information circular to be mailed out mid-July 2013.