Manulife Asset Management’s mutual fund unit Manulife Mutual Funds has received the needed authorization from security holders and regulators to move ahead with three trust fund mergers and two corporate class mergers. The mergers will decrease the cost of fund administration for investors by distributing operating costs and expenses across a larger pool of assets.
Among the tax-deferred trust fund mergers, the Manulife Diversified Canada Fund will be terminated and merged into the Manulife Canadian Focused Fund. In the tax-deferred corporate class mergers, the Manulife Diversified Canada Class will be shut and moved into the Manulife Canadian Focused Class.
Click here for the release from Canada Newswire.
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