Creststreet Mutual Funds Ltd. is launching the Creststreet Dividend & Income Fund as a class of its multi-class mutual fund, the investment management firm said Wednesday.

The fund is the successor fund to the Creststreet Managed Equity Index Fund. At a special meeting of shareholders held on June 22, shareholders approved the proposed changes to the investment objectives of the Managed Equity Index Fund to focus on investing in dividend and income securities and to change the fees charged to the fund by the manager.

The fund will continue to be managed by Creststreet Asset Management Ltd, lead by Bill Shaw. Shaw has won a Canadian Investment Award for Canadian Dividend Fund of the Year and has 20 years investment management experience specializing in managing high yield income funds. The fund will employ Shaw’s active investment strategy. Its focus will be to generate a high level of stable monthly cash distributions through a combination of interest, dividends and capital gains while emphasizing capital preservation.

Shares of Creststreet Dividend & Income Fund began trading Wednesday and are available via FundSERV under fundcodes CAM300, CAM301 and CAM302.

Creststreet Mutual Funds Ltd. offers three fund classes; the Creststreet Resource Fund, the Creststreet Alternative Energy Fund and now the Creststreet Dividend & Income Fund. Investors can switch shares from one fund to another on a tax-deferred “rollover” basis.

Creststreet specializes in structuring and managing high-quality investment products for Canadian and international institutional and high-net worth investors. Since inception in 2000, Creststreet has raised over $1 billion for investment in resource and renewable energy sectors.

IE