Inc., Natural Resources Class Shares (NR) approved a proposal that will result in the merger of the fund with Connor, Clark & Lunn Core Income and Growth Fund (CIGF) at a special meeting held Friday.
The merger is expected to be implemented on or about Jan. 8, 2013.
CIGF will be the continuing fund and, as a result, shareholders of NR would become holders of CIGF Series A units.
The objectives of merger are to: lower the administrative costs by establishing a larger fund; lower the management fees borne by NR shareholders; and benefit from gaining access to a broader asset pool and more balanced income producing investment portfolio.
Shareholders of Connor, Clark & Lunn Capital Class Inc., Balanced Portfolio Class Shares, Series 1 approved a similar merger on Thursday.