Dynamic Funds announces proposed fund mergers
TORONTO, April 17, 2023
1832 Asset Management L.P. (the “Manager” of Dynamic Funds), announces its intention to seek securityholder approval to merge certain Dynamic Funds as follows:
| Terminating Funds | Continuing Funds | ||
|---|---|---|---|
| 1 | Dynamic Power Global Navigator Class | to merge into | Dynamic Power Global Growth Class |
| 2 | Dynamic Global All-Terrain Fund | Dynamic Asset Allocation Private Pool | |
| 3 | Dynamic U.S. Sector Focus Class |
If approved, each securityholder of a Terminating Fund will receive securities of the applicable series of the Continuing Fund having equal value to the securities of the Terminating Fund that were held by such securityholder prior to the merger. Each Terminating Fund will then be wound up as soon as possible following the mergers.
The Manager believes that the proposed mergers will benefit securityholders by reducing duplication and redundancy, thereby potentially reducing the administrative and regulatory operating costs and expenses associated with improved economies of scale.
Approval from securityholders of the Terminating Funds will be voted on at special meetings to be held on or about May 19, 2023, in Toronto, Ontario, for securityholders of record as at March 30, 2023.
More details regarding the proposed mergers can be found in the Management Information Circular and other documents shown below.
Press Release (March 1, 2023)
Press Release (May 19, 2023)
Notice and Access Document
Management Information Circular
Subject to securityholder approval, it is currently anticipated that the proposed mergers will be implemented on or about June 16, 2023.