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Special meetings for six LOGiQ funds will reconvene on Nov. 10

By IE Staff |

Unitholders of several funds managed by LOGiQ Capital 2016 and LOGiQ Asset Management Ltd. have approved a special resolution to authorize changes proposed in connection with the sale to Purpose Investments Inc. of the management agreements and related assets relating to the funds, the company has announced.

In September, LOGiQ Asset Management and Purpose Investments, both of Toronto, entered into an agreement whereby Purpose will acquire the retail fund business of LOGiQ.

Special meetings for six LOGiQ funds were adjourned to reconvene on Nov. 10, the company says in its announcement.

Read: Purpose/LOGiQ deal a "good fit"