Dynamic proposes change

Toronto-based 1832 Asset Management LP, portfolio manager for Dynamic Funds, is proposing a change to the investment objective of Dynamic Power Managed Growth Class. Currently, this fund’s objective is to provide long-term growth using a growth investment approach in investing in equities issued by Canadian businesses. 1832 proposes finding the same growth for investors from investing in Canadian businesses expected to initiate or grow dividends. If unitholders approve the change, the fund will be renamed Dynamic Power Dividend Growth Class. A unitholder meeting is scheduled for Dec. 16 to consider the proposed change. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales, 3% for the low-load option or 1% for the low-load 2 option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule; or begin at 2% in Year 1 and end at zero after Year 2 of the low-load 2 schedule. Trailing commission are 1% for front-end sales, 0.5% for deferred sales, 1% for low-load, and 1% for the low-load 2. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

(fcollie@investmentexecutive.com.)