Mortgage-Backed Securities Trust and MBS Adjustable Rate Income Fund have approved their merger with Sentry Select MBS Adjustable Rate Income Fund II
IPO raises $135 million
Mergers would eliminate costs, provide greater liquidity
Plans share consolidation
Purchases should decrease spread between the NAV and market price of units
The notes’ performance is based on the appreciation of a basked comprised of an income trust portfolio and a notional bond portfolio
Fund raised proceeds of $55 million in its recent public offering
Nine of its funds will engage in the activity, the company announces
Sentry Select Capital Corp. is adding five new mutual funds to Sentry Select Corporate Class Ltd.: Sentry Select Balanced Class, Sentry Select Canadian Energy Growth Class, Sentry Select Canadian Income Class, Sentry Select Money Market Class and Sentry Select Mining Opportunities Class. These funds are now available alongside Sentry Select Canadian Resource Class.This corporate-class structure […]
Higgins to lead management team