CI Investments Inc. has successfully completed the mergers of four mutual funds and made other changes to its lineup. Securityholders approved the mergers at special meetings on July 27.

Under the changes:

– CI Explorer Fund was merged into CI American Small Companies Fund and CI Explorer Corporate Class was merged into CI American Small Companies Corporate Class.

– CI Canadian Growth Portfolio was merged into CI Global Balanced Portfolio, which has been renamed Portfolio Series Balanced Growth Fund.

– CI Canadian Maximum Growth Portfolio was merged into CI Global Maximum Growth Portfolio, which has been renamed Portfolio Series Maximum Growth Fund.

In addition, unitholders of Signature Dividend Fund approved a proposal to modify the investment objectives of the fund to allow it to invest in broader selection of securities. As a result, the fund invests primarily in dividend-paying common and preferred shares of Canadian companies, as well investing in other common shares, fixed-income securities and income trusts, and foreign securities.

The fund mergers resulted in a number of changes to CI’s segregated fund lineup, which also took effect on Monday. These were previously announced on May 29.

CI also announced that it has changed the name of the funds within its Portfolio Series family of asset-allocation funds so that the name of each fund focuses on its the risk profile, rather than the “Canadian” and “Global” designations that existed before. The name changes are as follows: The Portfolio Series Income Fund becomes the CI Canadian Income Portfolio; the Portfolio Series Conservative Fund becomes the CI Canadian Conservative Portfolio; the Portfolio Series Conservative becomes the CI Global Conservative Portfolio Balanced Fund; the Portfolio Series Balanced Fund becomes the CI Canadian Balanced Portfolio; the Portfolio Series Balanced Growth Fund becomes the CI Global Balanced Portfolio; the Portfolio Series Growth Fund becomes the CI Global Growth Portfolio; and the Portfolio Series Maximum Growth Fund becomes the CI Global Maximum Growth Portfolio.

Other enhancements to Portfolio Series include changes to the asset mixes of the funds and changes to Portfolio Series Income Fund so that it now pays a fixed monthly distribution of five cents per unit, increasing its appeal to investors seeking a consistent monthly income.