(June 19 – 12:00 ET) – On June 9, 2000, Aderes Portfolio Management Limited and AIC Limited announced plans to merge five Aderes funds with funds in the AIC family.
After consultation with the auditors of the funds, the companies have determined that it is in the best interests of unitholders of certain terminating Aderes Funds and continuing AIC Funds to change the mergers relating to the two Aderes Canadian equity funds.
Instead of the previously proposed mergers, both Aderes Focused Canadian Fund and Aderes Diversified Canadian Fund will be merged into AIC Canadian Focused Fund.
The previously announced proposed mergers of the other three Aderes Funds remain unchanged. The mergers are subject to approval by unitholders of the Aderes Funds.
-IE Staff