The continuing funds will be managed by JPMorgan Asset Management (Canada)
Mergers will result in NexGen offering fewer, larger funds
No longer cost effective to maintain MNF as a TSX listed security, NexGen says
Lump sum payment to be made at the end of the seven year vesting period
Offering raises $92.25 million, in total
The funds aim to offer a portfolio of attractively priced securities from global equity markets
Macquarie Alternative Investments to manage portfolio
New fund structure focused on improving after-tax returns
Fund distributor to provide tax focused offerings