Unitholders to vote on fee change for Saxon Funds
Unitholder meetings scheduled for September
BMO Income Trust Fund, BMO International Equity Fund
MSP Maxxum Trust unitholders have approved a resolution to merge the trust into Mackenzie Maxxum Dividend Class, Mackenzie Financial said Monday.The trust’s units are expected to be delisted from the TSX after the close of trading on June 24.The merger is expected to be completed on June 26.IE
Updated line-up includes three distinct brands
Three portfolio teams to manage fund
Management fees cut for two funds
The mergers took place on June 5, and each of the terminating funds was wound up immediately after the mergers
Merged fund to have larger market cap, increased liquidity and a lower MER