AIC Ltd. today announced that after the close of business on November 23, the net assets of AIC Global Health Care Fund and AIC RSP Global Health Care Fund were transferred into AIC Global Medical Science Fund and AIC RSP Global Medical Science Fund respectively.

Unitholders of the terminating funds and continuing funds approved these mergers at special meetings held on November 6, and November 13 in Burlington, Ontario.

AIC said that unitholders of the terminating funds have become unitholders of the corresponding continuing fund as a result of the mergers. Under a dollar-for-dollar exchange formula, the dollar value of the unitholders’ investments in the terminating funds were transferred to the respective continuing funds.