The firm will no longer go through with a planned merger and announced instead new mergers for each affected fund into its corresponding trust
The firm is introducing four asset-allocation portfolios and plans to fold 12 of its existing funds into the new portfolios
The proposed rules will also apply to segregated funds
The firm will also be lowering fees between 0.25 bps and 8.6 bps on several funds, even if proposed mergers fail to gain approval
The mergers, which take effect on March 10, will see two funds folded into two continuing funds
The merger of Counsel International Value Class with Counsel International Value Fund takes effect Jan. 13
The investment objectives of two funds are changing while nine other funds are being terminated and the continuing corresponding funds have been designated
The mergers would reduce duplication and help streamline and simplify CI’s fund lineup
Two floating rate funds affected by move
Management fees will be reduced on certain funds on July 15