(March 13 – 15:40 ET) – Phillips, Hager & North Investment Management Ltd. says the merger of the PH&N Euro-Pacific Equity Fund with the PH&N Overseas Equity Fund was completed after the close of business on March 9.

As a result of this merger, unitholders of Euro-Pacific Equity Fund became unitholders of Overseas Equity Fund.

The merger of the funds was approved at a meeting of the unitholders held on February 14. It is expected that the Euro-Pacific Equity Fund will be wound-up and terminated on or about June 7, in accordance with the terms of its trust agreement.