Toronto-based Excel Funds Management Inc. has proposed two mergers of Excel mutual funds. 1) Pending approval of unitholders at a meeting on March 24, Excel Billionaire Leaders Fund will merge with Excel Blue Chip Equity Fund. 2) As well, Excel Latin America Fund will merge with Excel Emerging Markets Fund. Unitholders of the Billionaire Leaders and Latin America funds will receive securities of the equivalent series in the new funds on a dollar-for-dollar basis. The mergers are to take place on March 30. Units of the Billionaire Leaders and Latin America funds are no longer for sale and the funds will be closed as soon as possible following the mergers.

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