O’Leary Founder’s Series Income & Growth Fund has completed its conversion into an open-end mutual fund as of the close of business on November 1, O’Leary Funds Management LP confirmed Tuesday.

The name, investment mandate and distribution policy of the fund have not changed as a result of thecConversion. The trust units of the fund (TSX: OFS.un) have been delisted from the Toronto Stock Exchange. These trust units have now been re-designated as the “Founder’s series units” and are redeemable at their net asset value per unit on a daily basis.

The consulting agreement dated between Stanton Asset Management Inc. and Savtrev, Inc. with respect to the fund has been terminated as of the November 1, O’Leary Funds says.

IE