Rating agency says strategic partnership has attractive benefits for all players
Only certain investors will have access to the fund, which comes with redemption limits and performance fees
Ratings agency DBRS says the news is "favourable"
The vote was 23% in favour, 77% against a greater shareholder voice on executive compensation
Strong performances from GWL, Putnam Investments and IGM Financial resulted in net earnings of $658 million in Q2
The company’s Q1 profit more than doubled to a record $525 million
The deputy chairman, president and co-chief executive, had taken a temporary medical leave last year
Vice-chairman praised for his outstanding contribution to the company’s management team and its subsidiaries’ boards over the last nine years
Both firms now each hold a 13.9% stake in the fund company, which had $232 billion in AUM and 40 million retail clients at the end of 2016
Quarterly dividend to rise 7%