Investors approve C.I. fund mergers
Mergers scheduled for December 1
- By: IE Staff
- November 24, 2000 November 24, 2000
- 16:50
Mergers scheduled for December 1
Multiclass unit structure introduced
Fund company employs reverse take-over
Offer open until December 7
Coalition to present resolution at Citigroup annual meeting
Program offers greater flexibility, 18 new funds
Merged fund to be renamed Juniper Equity Growth
New series allows tax-free switching between funds
Fund not available for registered plans
BGI Canada relaunches iUnits Web site
Proceeds to cover acquisition of Global Strategy
Assets under management climb to $14 billion
Take-over circular records trading activity
Changes aim to improve overall fund performance
Firm intends to offer C.I. and Mackenzie funds separately
Assets under management grow to more than $34 billion
Firm reviews C.I. bid, and considers alternatives
Keeps $3.9 billion price tag, extends offer to 35 days
Fees down by 25 bps on Managed Yield funds
Net earnings up 22.7%
Fidelity urges potential sellers to seek financial advice first
Majority owner of Janus funds dominant in retail equity market
Firms sign on to co-manage Global Style fund
Global, Power funds to merge
AIC funds hold 20% of Mackenzie shares