Dynamic Funds Announces Proposed Mergers and Other Changes
TORONTO, May 14, 2025
1832 Asset Management L.P., as manager of Dynamic Funds, announced proposed changes to certain Dynamic funds, subject to securityholder approval. Approval from securityholders will be voted on at special meetings to be held on or about June 18, 2025, virtually, for securityholders of record as at April 29, 2025.
Proposed Dynamic Fund Mergers
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. It is currently anticipated that the following proposed mergers will be implemented on or about July 18, 2025:
| Terminating Funds | Continuing Funds | Tax Type | |
|---|---|---|---|
| Dynamic Credit Spectrum Fund | to merge into | Dynamic Active Credit Strategies Private Pool | Taxable |
| Dynamic European Equity Fund | Dynamic International Dividend Private Pool | Tax-Deferred |
Proposed Investment Objective and Reference Index Change
Dynamic Funds announced proposed changes to the investment objective of Dynamic Strategic Resource Class and its reference index for performance fees and benchmarking. If approved, these changes would become effective on or about July 11, 2025.
More details regarding these proposed changes can be found in the Management Information Circular and other documents shown below.
Press Release (March 18, 2025)
Notice and Access Document
Management Information Circular