Sagit Investment Management Ltd. and Mavrix Fund Management Inc. have agreed to transfer the portfolios of all Cambridge and Trans-Canada mutual funds to the appropriate Mavrix funds.

In exchange, Cambridge and Trans-Canada unitholders will become unitholders of the specified Mavrix Funds.

The Cambridge and Trans-Canada funds are currently managed by Sagit.

The deal is subject to the approval of Cambridge and Trans-Canada unitholders and securities regulators.

If approved, the transaction is expected to close in June. Further information regarding the proposed transaction will be mailed to unitholders shortly.

Mavrix currently offers a suite of 11 mutual funds.