Acuity Funds Ltd. announced today that it will seek unitholder approval for a proposed fund merger, as well as changes to the investment objectives of a couple of funds.Acuity is proposing to merge the assets of Acuity Clean Environment Global Equity Fund into Acuity Clean Environment Equity Fund.Acuity is also seeking to change the fundamental […]
Fund to be merged and converted to open-ended fund
Mergers effective July 20
Changes capitalize on the elimination of the foreign content limit
Mackenzie Universal World Growth RRSP Fund to become global dividend fund
Merger of four funds will reduce expenses
Bissett Income Trust Fund to be combined with Bissett Income Fund
Funds consolidated into continuing funds that share similar investment mandates
Funds to be merged, converted into open-ended mutual fund
Expansion of global reach and long-term capital protection are key objectives