Toronto-based NexGen Financial Limited Partnership Tuesday announced that it has received security holder and regulatory approval to proceed with several fund mergers on June 6.
The mergers were originally announced on April 11.
|
Terminating Fund |
Continuing Fund |
|
NexGen North American Growth Registered Fund |
NexGen U.S. Growth Registered Fund |
|
NexGen North American Growth Tax Managed Fund |
NexGen U.S. Growth Tax Managed Fund |
|
NexGen North American Small/Mid Cap Registered Fund |
NexGen U.S. Growth Registered Fund |
|
NexGen North American Small/Mid Cap Tax Managed Fund |
NexGen U.S. Growth Tax Managed Fund |
The continuing funds will be managed by JPMorgan Asset Management (Canada) Inc.
“These fund mergers will provide investors access to a world class investment manager and an increased possibility of achieving economies of scale for fund shareholders while also adding another attractive fund option for shareholders within the NexGen corporate class funds,” said Jeff Young, interim co-CEO of NexGen, in a release.