Calgary-based Canoe Financial LP has obtained securityholder approval for several fund mergers.
Canoe will merge Canoe Canadian Corporate Bond Fund into Canoe Bond Advantage Fund, and Canoe Floating Rate Income Fund into Canoe Strategic High Yield Fund, the independent mutual fund company says in a release. These mergers are expected to be completed by March 8.
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Canoe has also received approval regarding the merger of Canoe Equity Income Class into Canoe Asset Allocation Class. Additionally, the company says the special meeting to consider the merger of Canoe Canadian Monthly Income Class into Canoe North American Monthly Income Class has been adjourned until Jan. 24.