GrowthWorks Atlantic Venture Fund said today it proposes to change the mix of non-venture investments for its previously issued Class A shares, and add four new kinds of shares.

“The current mix of non-venture investments for these series consists mostly of reserves expected to generate a fairly stable level of income or gains and that can be readily sold, such as bank deposits, treasury bills or bonds,” it said in a statement.

“The aim of the proposal is to achieve higher returns during a period of low interest rates on high quality debt instruments by changing the mix of non-venture investments to include Canadian bank securities.”

The board also approved the introduction of up to four new “Menu Series” of Class A Shares: New Balanced Shares, Growth Shares, Financial Services Shares and a fourth yet to be named series.

The proposed changes are subject to shareholder approval at the annual general meeting scheduled for Nov. 28.