C.I. Mutual Funds Inc. today announced plans to merge several mutual funds, subject to unitholder and regulatory approvals. According to the company, the proposed reorganization will eliminate overlap following the acquisition of Spectrum Investment Management Ltd. and Clarica Diversico Ltd. by merging funds with similar mandates.

“These mergers will simplify choices for investors and result in lower costs for the funds’ unitholders,” said Peter Anderson, president of C.I. in a news release.

Under the proposal, 33 terminating funds will be merged into other continuing funds . Investors in the terminating funds will be asked to approve the mergers at special meetings to be held on or about October 10. If approved, the mergers will take effect after the close of business on or about October 11. The mergers also require regulatory approval.

A list of terminating and continuing funds can be found in the attached table.