BMO Investments Inc. Receives Securityholder Approval for Certain Changes to its Mutual Fund Line-Up
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/28/12 -- BMO Investments Inc. has received securityholder and regulatory approval to proceed with the proposed changes to the BMO Mutual Funds and the BMO Guardian Funds line-ups listed below which were announced on March 23, 2012.
The following mergers have been approved and are expected to be effective as of the merger dates listed in the following table:
As set out in the announcement made on March 23, 2012, on the effective date of each merger, securityholders of each class or series of each Terminating Fund will receive securities of the equivalent class or series of the corresponding Continuing Fund, determined on a dollar-for-dollar basis. The Terminating Funds will be wound up as soon as possible following the mergers.
The proposed mergers of each of BMO Global Energy Class into BMO Canadian Equity Class and BMO Global Monthly Income Fund into BMO Diversified Income Portfolio will not proceed as they did not receive securityholder approval.
The special meetings for the merger of each of BMO Global Small Cap Class and BMO Global Technology Class into BMO Global Equity Class have been adjourned due to a lack of quorum. These adjourned meetings will be held on June 4, 2012 as indicated in the Management Information Circular dated May 1, 2012 which was sent to securityholders in advance of the special meetings.
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group, BMO's group of wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth and institutional, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe and had total assets under management and administration of $445 billion as at April 30, 2012.
Contacts:
Personne-ressource pour les médias :
Rachael McKay, Toronto
416-867-3996
Ronald Monet, Montréal
514-877-1873
Laurie Grant, Vancouver
604-665-7596
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2012 - 23:55 Uhr
Sprache: Deutsch
News-ID 150488
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 337 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BMO Investments Inc. Receives Securityholder Approval for Certain Changes to its Mutual Fund Line-Up"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Financial Group and BMO Bank of Montreal (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
