Burgeonvest Securities Ltd, manager of the Burgeonvest Group of Funds, announced Tuesday that effective immediately the Burgeonvest Canadian Demographic Fund will cease distribution.

Burgeonvest intends to merge the fund into Burgeonvest Hirsch Opportunistic Canadian Fund, subject to receipt of all necessary regulatory and unitholder approvals.

The Canadian Demographic Fund will stop taking purchase requests effective immediately. Burgeonvest expects to mail materials for the special meeting of unitholders of the fund shortly and will be making an application to the securities regulatory authorities for approval of the merger.

Burgeonvest manages both the Canadian Demographic Fund and the Hirsch Opportunistic Canadian Fund. Each invests primarily in equity securities of large and mid-cap Canadian companies, but the Canadian Demographic Fund is focused on companies, which may exhibit some form of demographic advantage.