Toronto-based Invesco Canada Ltd. on Thursday announced modifications to its lineup of mutual funds.
Invesco proposes to merge Invesco Emerging Markets Debt Fund into Invesco Global Bond Fund, effective the close of business on July 28.
The merger requires approval of unitholders at a special meeting to be held in Toronto on July 24.
Further details will be provided to investors in a proxy package that will be mailed in June and in a management information circular that will be available online.
The Invesco Canada Funds’ Independent Review Committee has reviewed this proposed merger with respect to conflict-of-interest matters and has determined that the merger achieves a fair and reasonable result for investors.
Invesco will also terminate the following funds series on the close of business on July 28:
> Invesco Core Canadian Balanced Class, Series T8
> Invesco Global Real Estate Fund, Series T8
> Invesco Intactive Growth Portfolio, Series T8
> Invesco Intactive Growth Portfolio Class, Series T8
> Invesco Intactive Maximum Growth Portfolio, Series T8
> Invesco Intactive Maximum Growth Portfolio Class, Series T8
> Invesco Select Canadian Equity Fund, Series T8 and Series T6
> Trimark Canadian Class, Series T8 and Series T6
> Trimark Select Balanced Fund, Series T8
Effective immediately, the terminating series are closed to new investors.