Shareholders of Seamark Asset Management Ltd. have passed resolutions approving a plan of arrangement among Seamark, Matrix Asset Management Inc. and Growth Works Ltd. and approving the issuance of common shares of Matrix to shareholders of GrowthWorks, Seamark said Friday.

Both resolutions passed with the approval of 97.3% of shares voted.

Pending court and regulatory approval, the business combination between Seamark, GrowthWorks, and Matrix is expected to close on January 15.

Pending approval of the Toronto Stock Exchange, common shares of Matrix are expected to begin trading on the TSX on January 15.

The deal was first announced in October 2009.

Halifax-based Seamark provides investment management services across Canada to institutional clients, mutual funds, private clients, and the managed portfolio advisory programs (wrap programs) of many of Canada’s leading investment dealers.

IE