Dynamic Funds plans to terminate 12 funds by merging them into nine continuing funds, the fund family announced Friday.

If approved by securityholders of the terminating funds and by regulators, the proposed mergers are expected to take effect after the close of business on June 19. All costs and expenses associated with the mergers will be borne by the manager of the funds, Toronto-based 1832 Asset Management L.P.

Each merger will require the approval by a majority of the votes cast by securityholders of the applicable terminating fund at a special meeting of such securityholders, expected to be held jointly on June 2.

The mergers of Dynamic Real Return Bond Fund with Dynamic Advantage Bond Fund, DynamicEdge 2020 Portfolio with DynamicEdge Conservative Class Portfolio, DynamicEdge 2025 Portfolio with DynamicEdge Balanced Portfolio and DynamicEdge 2030 Portfolio with DynamicEdge Balanced Growth Portfolio will occur on a taxable basis.

The mergers of Dynamic Aurion Canadian Equity Class with Dynamic Aurion Tactical Balanced Class, DMP Canadian Dividend Class with DMP Value Balanced Class, DMP Canadian Value Class with DMP Value Balanced Class, DMP Power Canadian Growth Class with DMP Value Balanced Class, DMP Global Value Class with DMP Power Global Growth Class, DynamicEdge 2020 Class Portfolio with DynamicEdge Conservative Class Portfolio, DynamicEdge 2025 Class Portfolio with DynamicEdge Balanced Class Portfolio and DynamicEdge 2030 Class Portfolio with DynamicEdge Balanced Growth Class Portfolio will occur on a tax-deferred basis.

Click here for a complete list of terminating and continuing funds.

Effective as of the close of business on June 15, purchases of securities of a terminating fund will be suspended (except purchases under existing pre-authorized contribution plans).

1832 Asset Management says the proposed mergers are the result of the it’s ongoing review of its respective fund lineup and are believed to be in the best interests of the terminating funds. Investors are expected to benefit from the increased scale, improved diversification and operational efficiencies of the continuing funds.

Dynamic Funds is managed by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Bank of Nova Scotia.