Mavrix Fund Management Inc., the manager of Mavrix Multi Series Fund Ltd. – Canadian Equity Series, announced that unitholders today approved the change of fundamental investment objective of the fund.
The fund’s new investment objective is to provide a high return through a combination of long-term capital growth and income, which the fund seeks to achieve by investing solely in units of Mavrix Sierra Equity Fund and Mavrix Balanced Monthly Pay Fund.
Previously the fund’s objective was to provide long-term capital growth, which the fund sought to achieve by investing solely in units of Mavrix Canada Fund and Mavrix Sierra Equity Fund.
Each of the underlying funds is also managed by Mavrix Fund Management Inc.