NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Sept. 26, 2019 (GLOBE NEWSWIRE) — Caldwell Investment Management Ltd. (the “Manager”), the manager of Clearpoint Global Dividend Fund (“Clearpoint Global Fund”) and Caldwell U.S. Dividend Advantage Fund (“Caldwell U.S. Fund”), is pleased to announce that the board of directors of the Manager has approved a proposal to merge Clearpoint Global Fund into Caldwell U.S. Fund, another mutual fund managed by the Manager, in order to combine Clearpoint Global Fund and Caldwell U.S. Fund into one U.S. dividend fund with Caldwell U.S. Fund being the continuing fund (the “Proposal”).
The Proposal should provide unitholders with several benefits, including the following:
The Manager has called and will hold a special meeting of unitholders of Clearpoint Global Fund on October 18, 2019 to consider and vote upon the Proposal. A management information circular (the “Circular”) describing the Proposal is being prepared and will be mailed to the unitholders of Clearpoint Global Fund. The Circular will also be available on SEDAR at www.sedar.com and posted on the Manager’s website at https://caldwellinvestment.com/. Implementation of the Proposal is subject to all required regulatory approvals. If approved, the Proposal is expected to be implemented on or about October 23, 2019.
About Caldwell Investment Management Ltd.
Caldwell Investment Management Ltd. is a Toronto-based portfolio manager and investment fund manager that offers mutual fund and pooled fund products to Canadian investors.
For additional information, please contact:
Richard Faiella, Senior Vice President, at 1-800-256-2441
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…
WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) outlined…
WASHINGTON—Acting Senior Deputy Comptroller and Chief Counsel Ted Dowd today testified on the Office of…
The Committee convened in a closed session at the Department of the Treasury at 9:00…
WASHINGTON — Today, the Department of the Treasury is taking action to further degrade Russia’s…
WASHINGTON – The final results from the annual survey of foreign portfolio holdings of U.S. securities at…