First Asset offers update on 2 fund mergers

First Asset Investment Management has provided an update on its intention to merge two mutual funds: the First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II.

As of March 10, 2017, the Canadian convertible debenture fund will merge into the First Asset Canadian Convertible Bond Fund, and the dividend fund will merge into the First Asset Canadian Dividend Opportunity Fund.

Investors will not be required to take any action in connection with the mergers.

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