Goodman & Company, Investment Counsel Ltd. has completed the mergers of the diversiFunds with several Dynamic Funds, the company said Monday.
The mergers took effect on March 26.
The mergers of diversiGlobal Dividend Value Fund with Dynamic Global Dividend Value Fund and each of diversiTrust Income Fund, DiversiTrust Stable Income Fund and diversiYield Income Fund with Dynamic Strategic Yield Fund were approved at special meetings of unitholders held on March 2.
The mergers of diversiTrust Energy Income Fund with Dynamic Energy Income Fund and diversiTrust Income+ Fund with Dynamic Strategic Yield Fund were approved at adjourned special meetings of unitholders held on March 16.
Each diversiFund transferred all of its assets to the applicable Dynamic fund in exchange for Series A units of the Dynamic fund.
Each diversiFund received Series A units of the applicable Dynamic fund, the value of which were equal to the net asset value of the diversiFund transferred to the Dynamic fund, in each case calculated as of the close of business on the merger date.
All costs and expenses associated with the mergers are borne by Goodman & Company.
For information on the number of Series A units that each diversiFund unitholder will receive of a Dynamic fund and cash distributions payable, click here.
Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).
IE
Goodman completes diversiFund mergers
Assets transferred in exchange for units of Dynamic funds
- By: IE Staff
- March 29, 2010 March 29, 2010
- 11:25