Canoe to terminate and merge certain funds

first_imgBusinessman analyzing report stnazkul/123RF BMO Private Investment Counsel announces fund merger Calgary-based Canoe Financial LP  has obtained securityholder approval for several fund mergers.Canoe will merge Canoe Canadian Corporate Bond Fund into Canoe Bond Advantage Fund, and Canoe Floating Rate Income Fund into Canoe Strategic High Yield Fund, the independent mutual fund company says in a release. These mergers are expected to be completed by March 8. Canoe has also received approval regarding the merger of Canoe Equity Income Class into Canoe Asset Allocation Class. Additionally, the company says the special meeting to consider the merger of Canoe Canadian Monthly Income Class into Canoe North American Monthly Income Class has been adjourned until Jan. 24. Related news Keywords Fund mergers,  Fund caps and terminations,  IncomeCompanies Canoe Financial LP SLGI Asset Management terminating two mutual funds Facebook LinkedIn Twitter CI GAM announces fund mergers Share this article and your comments with peers on social media IE Staff last_img read more