AGF Funds Inc. has received unitholder approval for the mergers of its Harmony RSP Portfolios into their corresponding non-RSP versions, and for an amendment to the Harmony declaration of trust (DOT).
The changes were approved at special meetings of Harmony unitholders held today, June 30.
The Harmony RSP Portfolios are exact duplicates of their corresponding non-RSP versions. To achieve greater efficiency and remove this duplication, AGF has proposed to merge the portfolios, effective July 7.
Harmony RSP Balanced Portfolio merges into Harmony Balanced Portfolio.
Harmony RSP Growth Portfolio merges into Harmony Growth Portfolio
Harmony RSP Growth Plus Portfolio merges into Harmony Growth Plus Portfolio
Harmony RSP Maximum Growth Portfolio merges into Harmony Maximum Growth Portfolio
As a result changes to the Harmony DOT, unitholder approval will only be required in the future, where amendments:
- affect the financial interests of unitholders of a pool or portfolio;
- affect the rights of unitholders to approve amendments to the Harmony DOT; or
- require unitholder approval under applicable securities laws.
These changes bring the applicable provisions of the Harmony DOT in-line with industry standards.