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CI Investments Merge Four Mutual Funds
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CI Investments announced it has successfully completed the mergers of four mutual funds and other changes to its lineup. Securityholders approved the mergers at special meetings on July 27, 2006.
Under the changes:
- CI Explorer Fund was merged into CI American Small Companies Fund and CI Explorer Corporate Class was merged into CI American Small Companies Corporate Class.
- CI Canadian Growth Portfolio was merged into CI Global Balanced Portfolio, which has been renamed Portfolio Series Balanced Growth Fund.
- CI Canadian Maximum Growth Portfolio was merged into CI Global Maximum Growth Portfolio, which has been renamed Portfolio Series
Maximum Growth Fund.
Unitholders of Signature Dividend Fund approved a proposal to modify the investment objectives of the fund to allow it to invest in broader selection of securities. As a result, the fund invests primarily in dividend-paying common and preferred shares of Canadian companies, as well investing in other common shares, fixed-income securities and income trusts, and foreign securities.
The fund mergers resulted in a number of changes to CI's segregated fund lineup. The name changes are as follows:
New Name Former Name
Portfolio Series Income Fund CI Canadian Income Portfolio
Portfolio Series Conservative Fund CI Canadian Conservative Portfolio
Portfolio Series Conservative CI Global Conservative Portfolio
Balanced Fund
Portfolio Series Balanced Fund CI Canadian Balanced Portfolio
Portfolio Series Balanced Growth Fund CI Global Balanced Portfolio
Portfolio Series Growth Fund CI Global Growth Portfolio
Portfolio Series Maximum Growth Fund CI Global Maximum Growth Portfolio
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Aug 5, 2006, 8:06 PM
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