BMO Investments Inc. Announces Proposed Changes to BMO Global Tax Advantage Funds Inc.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/12/13 -- BMO Investments Inc. (BMOII), the manager of the BMO Mutual Funds, today announced that BMO Global Tax Advantage Funds Inc. (GTAF) has scheduled a special meeting of shareholders. The purpose of the meeting is to consider and vote on a resolution approving changes to the articles of incorporation of and to consider and vote on a resolution to approve the continuance of GTAF from the Canada Business Corporations Act to the Business Corporations Act (Ontario) (OBCA). The record date for receiving materials and for voting at the meeting is May 7, 2013 and the special meeting will be held on June 17, 2013 in Toronto, Ontario. An information circular will be mailed to shareholders in May, 2013 and available at .
Management believes that the proposed changes to GTAF's articles of incorporation will align the voting rights for shareholders of GTAF with the approval regime for certain transactions applicable to the BMO Mutual Funds organized as trusts, in a manner that is consistent with industry standard. The changes will also give BMOII more flexibility in making changes to its product line-up to better address the needs of investors.
Management believes that the continuance under the OBCA is appropriate given that GTAF's registered office is located in Toronto, Ontario and it will be beneficial to shareholders and the environment in that it will reduce the amount of unwanted materials mailed to shareholders.
For more information on BMO Mutual Funds, please visit .
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group (PCG). PCG, BMO's group of wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth individuals and institutions, 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 $479 billion as at January 31, 2013.
About BMO Global Tax Advantage Funds Inc.
BMO Global Tax Advantage Funds Inc. is a mutual fund corporation and separate legal entity from BMO Investments Inc. Each class of shares of BMO Global Tax Advantage Funds Inc. is offered by BMO Investments Inc. as a separate BMO Mutual Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
BMO Mutual Funds, which include classes of shares of BMO Global Tax Advantage Funds Inc., are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.
Contacts:
Media contacts:
Amanda Robinson, Toronto
(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224
Laurie Grant, Vancouver
(604) 665-7596
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Datum: 12.04.2013 - 23:41 Uhr
Sprache: Deutsch
News-ID 248723
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TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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