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Article: Proposed Combination of Brascan SoundVest Diversified Income Fund, Brascan SoundVest Total Return Fund, and Brascan SoundVest Focused Business Trust.
- Article from:
- Marketwire Canada
- Article date:
- November 4, 2009
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TORONTO, ONTARIO, Nov 4, 2009 (Marketwire via COMTEX) -- Brookfield Investment Funds Management Inc., (the "Manager") today announced a proposal to combine three of its existing funds into one fund, to be named the Brookfield Soundvest Equity Fund. The funds to be combined include Brascan SoundVest Focused Business Trust (TSX:BSF.UN), Brascan SoundVest Total Return Fund (TSX:BST.UN), and Brascan SoundVest Diversified Income Fund (TSX:BSI.UN) (collectively, the "Funds"). The combination will also include amendments to the existing investment strategy and a change in fund manager.
The proposal, which requires approval by unitholders of each of the three Funds, will ...