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Professionals' Financial - Mutual Funds Inc. announces unitholder approval of fund merger

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Professionals' Financial - Mutual Funds Inc. announces unitholder approval of fund merger

Canada NewsWire

MONTRÉAL, Aug. 27, 2018 /CNW Telbec/ - Professionals' Financial - Mutual Funds Inc., as investment fund manager of the FDP US Dividend Equity Portfolio (the "US Dividend Fund") and the FDP US Index Equity Portfolio (the "US Index Fund"), announces that unitholders voted to approve the proposed merger of these two funds scheduled to take place on or about August 31, 2018 (the "Merger Date").

The US Dividend Fund is capped to new investors. Its units are no longer available for purchase, with the exception of purchases made under periodic investment plans already in place. These periodic investment plans will continue uninterrupted, up to and including the business day prior to the Merger Date, being August 30, 2018. The periodic investment plans will automatically transfer to the US Index Fund after the Merger Date.

Unitholders of the US Dividend Fund will be able to redeem or switch units until the close of business on August 30, 2018.

On our about the Merger Date, all holders of units in the US Dividend Fund will receive units of the equivalent series of the US Index Fund and the US Index Fund will be renamed "FDP US Equity Portfolio".

About Professionals' Financial
Professionals' Financial offers private management products and services, financial planning solutions, as well as a complete range of mutual funds. Established in 1978 by and for professionals, the Professionals' Financial is committed to keeping its management fees among the lowest in the Canadian market. It is affiliated with the Fédération des médecins spécialistes du Québec, the Association des chirurgiens-dentistes du Québec, the Corporation de service des notaires, the Association des architectes en pratique privée du Québec and the Association québécoise des pharmaciens propriétaires. Thanks to this affiliation, Professionals' Financial is uniquely positioned in terms of impartiality, representation of its clients' interests and market performance.

Visit the Professionals' Financial website at: www.fprofessionnels.com.

 

SOURCE PROFESSIONALS' FINANCIAL

View original content: http://www.newswire.ca/en/releases/archive/August2018/27/c4557.html

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