UBS Global Asset Management (Canada) Co., as manager of both UBS Global Allocation Trust and UBS Total Return Trust, reports that unitholders of each fund approved all of the special resolutions presented to them at special meetings held on May 15.

In particular, the unitholders of UBS Total Return Trust approved the merger of UBS Total Return Trust into UBS Global Allocation Trust.

Under the proposed merger, the portfolio of UBS Total Return Trust will be combined with that of UBS Global Allocation Trust and UBS Total Return Trust unitholders will receive units of UBS Global Allocation Trust on a tax-deferred rollover basis in exchange for their units of UBS Total Return Trust based on the respective net asset values of UBS Total Return Trust and UBS Global Allocation Trust on the merger date, scheduled to occur on June 10.

In addition, unitholders of UBS Global Allocation Trust approved the expansion and optimization of the guidelines for the fund.