Brigata Capital Management Inc. receives unitholder approval for fund merger
OTTAWA, Dec. 5, 2012 /CNW/ - Brigata Capital Management Inc., the manager of the Brigata Funds, announced today that unitholders of Brigata Canadian Equity Fund (the "Terminating Fund") have unanimously approved the merger of the Terminating Fund into Brigata Canadian Balanced Fund (the "Continuing Fund" and together with the Terminating Fund, the "Funds") at a special meeting of unitholders of the Terminating Fund held on December 3, 2012. Brigata Capital Management Inc. has also received regulatory approval to proceed with this fund merger.
Further to the announcement made on October 15, 2012, the Independent Review Committee of each Fund has reviewed the potential conflict of interest matter related to the proposed merger and has provided its positive recommendation.
The merger will be effective on or about December 7, 2012 and unitholders of each series of the Terminating Fund will receive units of the equivalent series of the Continuing Fund, determined on a dollar-for-dollar basis, and the Terminating Fund will be wound up as soon as possible following the merger. Also at this time, the name of the Continuing Fund will be changed to Brigata Diversified Portfolio and C.F.G. Heward Investment Management Ltd. will assume portfolio management responsibility for the Continuing Fund.
About Brigata Capital Management Inc.
Brigata Capital Management Inc. is a Canadian mutual fund company with its head-office in Ottawa, Ontario. Brigata Diversified Portfolio is available through selected mutual fund dealers under fund codes BRI100 and BRI101.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing which summarizes the Fund's objectives, fees, expenses and associated risks. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE Brigata Capital Management Inc.