Merged fund to have larger market cap, increased liquidity and a lower MER
This is the latest move in an effort to cut costs
Investors and market participants will now have access to information from all marketplaces
Unemployment rates rise to 8.4% in Canada, 9.2% in the U.S. in May
The presence of a high-water mark will ensure that the funds will achieve a return above the previous NAV on which performance fees were paid
Decrease in net interest income led to the losses in the quarter and the year thus far
Various funds have been merged into the Galileo Small/Mid Cap Fund
Former president and chief operating offerice Jean-Francois Courville takes over
$3.9 million in gross proceeds were raised in the sale