Galileo Funds Inc., the trustee and manager of the Galileo Mutual Funds, has completed the previously announced merger of Galileo Absolute Return Fund, Galileo Canadian Active/Passive Fund, Galileo Fund and Galileo Global Active/Passive Fund into Galileo Small/Mid Cap Fund.

The mergers were completed effective May 31. They received securities regulatory approval and were approved by unitholders of the terminating funds and the continuing fund at special meetings of unitholders held on May 15.

The investment objective of Galileo Small/Mid Cap Fund is to provide capital growth. The fund invests primarily in shares of smaller and medium North American companies that are expected to profit from future economic growth, and may also invest in income and royalty trusts.