On The Shelf: Mavrix proposes investment objective changes

By Staff | May 28, 2008 | Last updated on May 28, 2008
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(May 28, 2008) Mavrix Fund Management Inc. is proposing to change the fundamental investment objective of its Canadian Equity series of funds.

The investment changes, subject to regulatory approval, will move from the provision of long-term capital growth to a combination of long-term capital growth and income.

This is partially because of the proposed merger of Mavrix Canada Fund into Mavrix Income Fund, which takes effect around June 30, 2008. The two funds are expected to be renamed Mavrix Balanced Monthly Pay Fund.


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