AIC Ltd. and Transamerica Life Canada plan to streamline product offerings by consolidating several segregated funds, and to rename one of the funds, the companies said Friday.The AIC seg funds’ contracts are issued by Transamerica Life Canada and are managed by AIC.On June 19, 2009, AIC and Transamerica Life Canada will be discontinuing five AIC […]
RIM, Bombardier earnings on deck
In connection with the planned dissolution of MRF 2007 Resource Limited Partnership, Middlefield Mutual Funds Ltd is proposing to transfer all of the assets of MRF 2007 to the Canadian Growth Class of Middlefield Mutual Funds Ltd. in exchange for mutual fund shares, Middlefield said Friday.The record date for the transfer is April 7, and […]
Mackenzie Financial Corp. has scheduled a special meeting of unitholders to vote on the proposed merger of MSP Maxxum Trust into Mackenzie Maxxum Dividend Class, the company said Friday.Mackenzie Maxxum Dividend Class is a mutual fund whose investment objectives and strategies are similar to those of the trust. Full details about the proposed merger will […]
Budget recognizes the important role innovation plays in Ontario’s economic prosperity, say retail fund managers
To assist listed issuers during these difficult market conditions, Toronto Stock Exchange and TSX Venture Exchange are extending certain measures granting temporary relief from some of their policy requirements, the exchanges said Thursday.The temporary relief, which was put in place in November 2008, will remain in effect until Sept. 30, 2009.TSX has extended the remedial […]
Series AK shares to yield 6.25% annually
Credit crunch is still an issue for all manufacturers and exporters
Industrial Alliance Insurance and Financial Services Inc. has closed its previously announced domestic offering of $100 million of 8.25% subordinated debentures due March 27, 2019, the company said Friday.The debentures bear interest at a fixed annual rate of 8.25% for the first five years, payable semi-annually, and a variable annual rate equal to the 90-day […]
Plunging equity markets bite into AUM, fees