(April 11 – 16:50 ET) – Dynamic Mutual Funds Ltd is asking unitholders of Dynamic T-Bill Fund to approve a change in the fund’s investment objective, coincident with a change of name to Dynamic Diversified Income Trust Fund.

Dynamic is seeking to change the fund’s objective to “the objective of providing long term growth of capital by investing primarily in royalty, income, real estate and other investment trusts and interest bearing securities.” It is also seeking to change the fund’s management fee to 1.75%.

The fund’s unitholders will be asked to approve the changes at a meeting to be held on May 8 in Toronto.