The firm will also be lowering fees between 0.25 bps and 8.6 bps on several funds, even if proposed mergers fail to gain approval
The mergers, which take effect on March 10, will see two funds folded into two continuing funds
The merger of Counsel International Value Class with Counsel International Value Fund takes effect Jan. 13
The investment objectives of two funds are changing while nine other funds are being terminated and the continuing corresponding funds have been designated
The mergers would reduce duplication and help streamline and simplify CI’s fund lineup
Two floating rate funds affected by move
Management fees will be reduced on certain funds on July 15
The assets of Canoe U.S. Strategic Yield Advantaged Fund have been transferred into Canoe North American Monthly Income Class
The mergers will take effect in May
Redwood Global shareholders to benefit from an expected reduction in management fees