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Bridgehouse receives securityholder approval for fund mergers

By The IJ Staff | April 12 2019 11:30AM

Bridgehouse Asset Managers, the retail trade name for Brandes Investment Partners & Co., announced April 12 that it has received approval from securityholders to proceed with the following mergers, which were announced earlier this year:

Terminating funds

Continuing funds

Brandes Global Balanced Fund

Sionna Canadian Balanced Fund (to be

Sionna Monthly Income Fund

renamed effective as of April 12, 2019 as

Sionna Diversified Income Fund

Sionna Strategic Income Fund)

Brandes U.S. Small Cap Equity Fund

Brandes Global Small Cap Equity Fund

Sionna Canadian Small Cap Equity Fund

Sionna Opportunities Fund

No sales charges, redemption fees or other fees or commissions will be payable by securityholders of the terminating funds in connection with the mergers.“Holders of securities of each series of the terminating funds will receive securities of their respective continuing funds, determined on a series-for-series and dollar-for-dollar basis,” says Bridgehouse.

Subject to obtaining regulatory approval, the mergers of Brandes Global Balanced Fund, Sionna Monthly Income Fund and Sionna Diversified Income Fund into Sionna Canadian Balanced Fund and Sionna Canadian Small Cap Equity Fund into Sionna Opportunites Fund will be effective on or about May 3, 2019. The merger of Brandes U.S. Small Cap Equity Fund into Brandes Global Small Cap Equity Fund will be effective on or about August 23, 2019.

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