Barclays Global Investors Canada Ltd. Barclays Canada) and Brompton Funds LP today announced they have decided to remove the permitted merger provisions included in the changes proposed to be made as part of the proposal to transfer the trusteeship and management of the BARCLAYSfunds from Barclays Canada to Brompton.
The funds are: Barclays Advantaged S&P/TSX Income Trust Index Fund; Barclays Advantaged Equal Weighted Income Fund; Barclays Advantaged Corporate Bond Fund; Barclays Income + Growth Split Trust; and Barclays Top 100 Equal Weighted Income Fund.
As a result of recent concerns in the marketplace regarding the use of permitted merger provisions by other fund managers, and to ensure that there is no uncertainty or concern amongst investors or their investment advisors, Brompton and Barclays Canada have agreed to eliminate the proposed amendment to the funds’ declaration of trust concerning permitted mergers.
The adjourned meetings are scheduled to be held at 9:00 ET on October 11. Unitholders who have already completed and returned a voting instruction form voting their units need not take any further action. Unitholders who have not yet voted their units or wish to change their vote will be able to do so until 17:00 ET on October 10 instead of October 5, as previously announced.