Toronto-based Invesco Canada Ltd. today proposed to streamline its product line-up through a couple of fund mergers.
The investment management company is proposing to merge Invesco Global Equity Class into Trimark Global Dividend Class, and Invesco Global Balanced Fund into Trimark Global Balanced Fund.
The proposed mergers will require regulatory approval as well as approval from securityholders of Invesco Global Equity Class and Invesco Global Balanced Fund and securityholders of Trimark Global Dividend Class, Series A and F. Securityholders will be asked to vote at a special meeting to be held July 20, in Toronto.
Pending regulatory and securityholder approval, Invesco Canada expects the mergers to take effect after the close of business on or about July 27.