Value Partners Proposes Merger to Enhance Fund Operations
Value Partners Proposes Fund Merger
Value Partners Investments Inc. ('Value Partners'), which manages the Value Partners Pools, is set to merge the VPI Mortgage Pool (the 'Terminating Fund') into a high-interest savings pool. This exciting proposal aims to streamline operations and enhance investment strategies for unitholders. The merger is anticipated to be effective around mid-April, pending investor approval.
Details of the Merger Proposal
The merger is intended to occur on or about April 17, and it will be contingent upon the approval of unitholders at a scheduled meeting on or about April 16. Investors will receive a notice detailing the meeting approximately three weeks prior, allowing ample time for considerations regarding their investment decisions.
Transition of Securities
Beginning March 17, the securities of the Terminating Fund will cease to be available for purchase. This marks a significant step as the company prepares for the transition into the high-interest savings pool, expected to operationalize around March 24.
Positive Endorsement from Independent Review Committee
In a move that highlights the collaborative efforts in ensuring a smooth transition, the Independent Review Committee has provided a favorable recommendation supporting the merger. Their endorsement emphasizes confidence in achieving a just outcome for the Terminating Fund and its unitholders.
About Value Partners Investments Inc.
Established in 2005, Value Partners is a reputable investment management firm dedicated to providing top-tier investment products through knowledgeable financial advisors. They are registered as an investment fund manager, portfolio manager, and exempt market dealer. With a robust management of approximately $5.4 billion in assets, Value Partners is committed to serving Canadian families and businesses.
Contact Information
For more details regarding the merger proposal or any inquiries, please reach out to:
Gregg Filmon
President
Value Partners Investments Inc.
Phone: (204) 949-0059
Frequently Asked Questions
What is the proposed merger about?
The merger involves consolidating the VPI Mortgage Pool into a high-interest savings pool to optimize fund management.
When will the merger take effect?
The merger is expected to take place around April 17, pending unitholder approval.
What happens to the securities of the Terminating Fund?
Post-March 17, securities of the Terminating Fund will no longer be purchasable as the transition progresses.
Who has recommended the merger?
The Independent Review Committee has provided a positive recommendation for the proposed merger.
How long has Value Partners been in operation?
Value Partners was founded in 2005 and has grown significantly within the investment management sector.
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