CALGARY, Alberta , June 22, 2020 (GLOBE NEWSWIRE) -- Canoe Financial LP (“Canoe Financial”) is pleased to announce that it has obtained securityholder approval for the proposed fund mergers (the “Mergers”) described in the table below. Each Merger is expected to be completed after the close of business on or about July 3, 2020, provided certain conditions are met.
| Terminating Funds | Continuing Funds |
| Oakmark International Equity Class Oakmark International Equity Registered Fund | Canoe Defensive International Equity Fund* |
| Fiera U.S. Dividend Class Fiera U.S. Dividend Registered Fund Oakmark U.S. Equity Class Oakmark U.S. Equity Registered Fund | Canoe Defensive U.S. Equity Class* |
| Canoe Global All Cap Class | Canoe Global Equity Fund |
*This Merger will only proceed upon the closing of the previously announced transaction for Canoe Financial to acquire the right to manage all of the retail mutual funds managed by Fiera Investments LP.
More information about the Mergers is set out in the Notice of Special Meetings and Management Information Circular, each dated May 14, 2020, which are available on SEDAR at www.sedar.com and Canoe Financial’s website at www.canoefinancial.com
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing over $6.3 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has significant national presence across Canada, including offices in Calgary, Toronto and Montreal.
Further Information
Investor Relations
1–877–434–2796
www.canoefinancial.com
info@canoefinancial.com
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.
Certain statements included in this news release constitute forward-looking statements, which reflect Canoe Financial’s current expectations regarding future results or events. Words such as “may,” “will,” “should,” “could,” “anticipate,” “believe,” “expect,” “intend,” “plan,” “potential,” “continue” and similar expressions have been used to identify these forward-looking statements. In addition, any statement regarding future performance, strategies, prospects, action or plans is also a forward-looking statement. Market predictions and forward-looking statements are subject to known and unknown risks and uncertainties and other factors that may cause actual results, performance, events, activity and achievements to differ materially from those expressed or implied by such statements. Forward looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward-looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.