BMO Harris Investment Management Inc. has received regulatory approval to proceed with proposed changes to BMO Harris Opportunity Bond Portfolio and BMO Harris Income Opportunity Bond Portfolio, the company said Friday.

The changes, which are part of an approach to refocus select investment strategies on BMO Harris’ investment platform. were originally announced on June 24.

BMO Harris Opportunity Bond Portfolio will merge into BMO Harris Canadian Total Return Bond Portfolio, and holders of units of BMO Harris Opportunity Bond Portfolio will receive units of BMO Harris Canadian Total Return Bond Portfolio.

BMO Harris Income Opportunity Bond Portfolio will merge into BMO Harris Canadian Bond Income Portfolio, and holders of units of BMO Harris Income Opportunity Bond Portfolio will receive units of BMO Harris Canadian Bond Income Portfolio.

The changes are expected to occur at the close of business on September 25.

Investor approval will not be required to effect these changes, the company said.

BMO Harris delivers discretionary investment management solutions to high net worth individuals and families that include allocations to multiple assets classes, across geographies and investment styles.

IE