The manager of Clearpoint Global Dividend Fund and Caldwell U.S. Dividend Advantage Fund, Caldwell Investment Management Ltd., reports on October 21, 2019 at a special meeting held today the unitholders of Clearpoint Global Fund approved a proposal that will result in the merger of Clearpoint Global Fund with Caldwell US Fund, another mutual fund managed by the Manager.
In addition, they plan to combine Clearpoint Global Fund and Caldwell US Fund into one U.S. dividend fund with Caldwell US Fund being the continuing fund. Feel free to visit here if you want to find out more.
The merger will take effect on or about October 25, 2019, subject to receiving regulatory approval. In addition to that, further details of the merger are outlined in an information circular that has been sent to unitholders of Clearpoint Global Fund in connection with the special meeting.
With regards to the press release issued by the Manager on October 17, 2019, it has been reported that the return gathered by the Caldwell US Fund since inception was inadvertently incorrectly posted. A reliable source states that the actual annualized Caldwell US Fund return since inception on June 19, 2015 to September 30, 2019 was 7.7%.
About Caldwell Investments
Caldwell Investment Management Ltd. is a trusted provider of investment management and advisory services to Canadian, retail and institutional investors, including financial institutions, public and private pension funds, endowment funds, foundations, and private accounts.
Their team is committed to growing as well as preserving your wealth. Caldwell Investment Management Toronto makes this possible by offering a personalized, customized, and flexible plan defined by their heritage of fostering deep and enduring long-term partnerships. They originate investment vehicles with a view toward predictable results.
Their portfolio and risk management services include discretionary investment management and asset allocation. The firm has experts who monitor portfolio compliance in accordance with investment mandates and regulatory requirements, and provide financial performance reporting to investors and clients. With their integrity and depth of experience, their people are their most valuable asset.
Registered with the Ontario Securities Commission, its principal regulator, Caldwell is a portfolio manager and investment fund manager, and is registered in other provinces where it does business. Established in 1990, Caldwell is a wholly owned subsidiary of Caldwell Financial Ltd, a majority employee-owned firm.
(Disclaimer : We are not associated with Caldwell Investment Management)