CALGARY, Alberta, June 30, 2022 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe Financial”) is pleased to announce that it has obtained securityholder approval for the proposed fund merger (the “Merger”) described in the table below. The Merger is expected to be completed after the close of business on or about July 8, 2022.
| Terminating Fund | Continuing Fund |
| Canoe Credit Opportunities Fund | Canoe Global Income Fund |
More information about the Merger is set out in the Notice of Special Meeting and Management Information Circular, each dated May 30, 2022, which are available on SEDAR at www.sedar.com and Canoe Financial’s website at www.canoefinancial.com
Additionally, the risk rating for Canoe Canadian Small Mid Cap Portfolio Class will be lowered to “Medium” from “Medium- high”, effective June 30, 2022.
This change is in accordance with the investment risk classification methodology set forth in National Instrument 81-102 – Investment Funds and will be reflected in the fund’s simplified prospectus and the applicable fund facts, which will be filed with Canadian securities regulators in connection with the fund’s 2022 annual renewal. There are no changes to the investment objective or strategy of the fund.
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing $12.0B in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an…
