Caldwell Investment Management Ltd. Announces Unitholder Approval of Merger Proposal

Written by Customer Service on . Posted in Mergers And Acquisitions.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Oct. 21, 2019 (GLOBE NEWSWIRE) — Caldwell Investment Management Ltd. (the “Manager”), the manager of Clearpoint Global Dividend Fund (“Clearpoint Global Fund”) and Caldwell U.S. Dividend Advantage Fund (“Caldwell US Fund”), is pleased to announce that at a special meeting held today unitholders of Clearpoint Global Fund approved a proposal that will result in the merger of Clearpoint Global Fund with Caldwell US Fund, another mutual fund managed by the Manager, in order to combine Clearpoint Global Fund and Caldwell US Fund into one U.S. dividend fund with Caldwell US Fund being the continuing fund (the “Proposal”). Subject to receiving regulatory approval, it is expected that the merger will become effective on or about October 25, 2019 (the “Effective Date”).
Details of the merger are outlined in an information circular that has been sent to unitholders of Clearpoint Global Fund in connection with the special meeting. Copies of the information circular are available on www.sedar.com and https://caldwellinvestment.com/. In addition, in respect of the press release issued by the Manager on October 17, 2019, the return generated by the Caldwell US Fund since inception was inadvertently incorrectly posted. The actual annualized Caldwell US Fund return since inception on June 19, 2015 to September 30, 2019 was 7.7%.About Caldwell Investment Management Ltd.Caldwell Investment Management Ltd. is a Toronto-based portfolio manager and investment fund manager that offers mutual fund and pooled fund products to Canadian investors.For additional information, please contact:Richard Faiella, Senior Vice President, at 1-800-256-2441

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.