Caldwell Investment Management Ltd., the manager of both Clearpoint Global Dividend Fund and Caldwell U.S. Dividend Advantage Fund, reports on October 21, 2019 at a special meeting 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. They aim to combine Clearpoint Global Fund and Caldwell US Fund into one U.S. dividend fund with Caldwell US Fund being the continuing fund. Check here for more important info.
Subject to receiving regulatory approval, it is expected that the said merger will become effective on or about October 25, 2019. Further information of the merger is outlined in an information circular that has been sent to unitholders of Clearpoint Global Fund in connection with the special meeting. You can find copies of the information circular on www.sedar.com and https://caldwellinvestment.com/.
Regarding the press release issued by the Manager on October 17, 2019, the return collected by the Caldwell US Fund since inception was inadvertently incorrectly posted. The actual annualized Caldwell US Fund return since inception on June 19, 2015 to September 30, 2019 was 7.7%.
What is Caldwell Investment Management Ltd.?
Caldwell Investments proudly brings expertise in the management of dividend-paying equity mandates to the table. This, along with a particular emphasis on funds focused on issuers domiciled in Canada and the U.S., consistent with the investment approach employed by the GDF Fund over the past years.
They are a Toronto-based firm providing investment management services to pooled and mutual funds. Established in 1990, Caldwell has established and maintained its reputation for excellence in the investment management industry, providing innovative investment solutions to meet the requirements of individual and institutional investors.
They have been awarded the FundGrade A+ Award for the year 2018 in respect of the Caldwell Canadian Value Momentum Fund. The firm practices “Thoughtful Investing,” applying a disciplined and prudent long-term investment approach.
(Disclaimer : We are not associated with Caldwell Investment Management)