Unitholders have overwhelmingly approved changes to the investment objectives to two funds offered by Merrill Lynch Investment Managers Canada Inc.

The changes to the Merrill Lynch Internet Strategies Fund expand the fund’s mandate beyond the Internet sector to include a broad range of technology stocks providing increased flexibility to the portfolio managers.

The fund has been renamed Merrill Lynch Global Technology Fund, in order to reflect its broader mandate. Additionally, the Merrill Lynch Internet Strategies RSP Fund will change its name to Merrill Lynch Global Technology RSP Fund.

The broader mandate approved for the Merrill Lynch Canadian Income Trust Fund will allow the portfolio managers to invest a portion of the portfolio in non-Income Trust securities.

According to Merrill Lynch, this change provides greater flexibility and liquidity to the Portfolio Managers to allow them to more effectively respond to volatility in income trust valuations.