Sentry Select Capital Corp. says that it completed the merger of Sentry Select Focused 50 Income Fund with Sentry Select Canadian Income Fund effective August 20. Unitholders voted to approve the merger on August 11.
Focused 50 Income Fund transferred all of its assets to Canadian Income Fund in exchange for units of Canadian Income Fund and the assumption by Canadian Income Fund of all the liabilities of Focused 50 Income Fund.
Each Series A unitholder of Focused 50 Income Fund received 0.7030 Series A units of Canadian Income Fund and each Series F unitholder of Focused 50 Income Fund received 0.6959 Series F units of Canadian Income Fund in exchange for each unit of Focused 50 Income Fund.
Sentry Select Capital Corp. manages over $6 billion in assets as of June 30, 2008.
Sentry Select completes fund merger
Focused 50 Income Fund merged with Canadian Income Fund
- By: IE Staff
- August 21, 2008 August 21, 2008
- 13:50
IE Staff