Elliott & Page today announced plans to cap the Elliott & Page T-Bill Fund. The fund will be closed to new lump-sum and pre-authorized chequing plan purchases as of August 10.

According to Elliott & Page, the fund was in order to improve the cost-efficiency of the administration for all funds under management, as well as eliminate the duplication of fund mandates under management.

“Although we are capping the Elliott & Page T-Bill Fund, we do not want to limit an investors options. We will, therefore, be launching a deferred dales charge option of our existing Elliott & Page Money Market Fund on or around August 10, 2001,” says Carrie Tuck, Product Director, Elliott & Page Mutual Funds. “The Elliott & Page Money Market Fund has the same investment objective as the Elliott & Page T-Bill Fund, making it a ideal alternative for investors.”