BMO Investments Inc. has received securityholder approval to proceed with the proposed changes to the BMO Income Trust Fund and BMO International Equity Fund announced on June 18.

As of close of business on July 31, the portfolio manager of BMO Income Trust Fund became Macquarie Capital Investment Management LLC and the fund’s name has changed to BMO Global Infrastructure Fund to reflect the changes in its investment objectives.

The fund will now invest primarily in companies that operate in, or are expected to benefit from, infrastructure-related businesses from around the world. “Infrastructure is a compelling, long-term investment opportunity offering the potential for stable income, capital growth and diversification,” said Linda Knight, president and chief operating officer of BMO Investments.

In addition, BMO International Equity Fund has been merged into BMO International Value Class as of the close of business on July 31. BMO International Value Class is a class of shares of BMO Global Tax Advantage Funds Inc., a mutual fund corporation that allows shareholders to switch among other classes of BMO Global Tax Advantage Funds Inc. on a tax-deferred basis. Unitholders of the BMO International Equity Fund will receive shares of BMO International Value Class.

The investment strategies used by Pyrford International Ltd., the portfolio manager of BMO International Value Class, are well suited to the fund’s investment objective of investing primarily in equity securities of established companies located outside of Canada and the U.S. Pyrford uses a number of investment strategies to achieve the fund’s objective, including investing in equity securities of established companies trading at a discount to their long term value, which trade on recognized exchanges in countries around the world.