Mavrix Balanced Income and Growth Trust merged into Mavrix Canadian Income Trust Fund
Manager seeking approval to merge nine funds
Mavrix Fund Management Inc. announced today that on September 14, unitholders of the Mavrix Balanced Income and Growth Trust approved a special resolution authorizing a merger of the Trust into the Mavrix Canadian Income Trust Fund.Mavrix will announce the effective date of the merger five business days before the merger is implemented.
Broader mandate aims to give investors exposure to top North American companies in a variety of sectors
Changes to investment objectives also approved
Unitholders are expected to benefit from cost savings and increased efficiencies
Some fund names also changed to focus on risk profile
Streamlines bond fund line-up
GrowthWorks fund assest boosted to $382 million
Unitholders approve changes