Toronto-based Front Street Mutual Funds Ltd. says shareholders approved a couple of fund megers at special meetings held Tuesday.
Front Street Tactical Equity Class will merge into Front Street Growth and Income Class, and Front Street Value Class will merge into Front Street Resources Class.
Shareholders of each of the funds approved the special resolutions at the meeting to authorize the respective mergers.
Shareholders of Front Street Resource Class and Front Street Growth and Income Class also approved special resolutions at the meeting to authorize changes to the fundamental investment objectives of each of those funds.
As a result Front Street Resources Class will be renamed Front Street Resource Growth and Income Class.
The mergers are expected to occur on June 10.