Special Meetings for Proposed Mergers of Certain Mutual Funds

October 18, 2018

CALGARY, Alberta – NCM Asset Management Ltd. (formerly, Norrep Capital Management Ltd.) (“NCM”), the manager of a strategically focused group of public mutual funds, alternative investment funds, and limited partnerships, announces today that the following previously announced mutual fund mergers have been approved by securityholders of the Terminating Funds at the special meetings concurrently held on October 18, 2018: 

Terminating Fund Continuing Fund
NCM High Income Fund NCM Conservative Income Portfolio
NCM Premium Growth Class NCM Balanced Income Portfolio
NCM Tactical Opportunities Class NCM Growth and Income Portfolio

[NCM also announces that the proposed mergers have received all requisite regulatory approval.] 

Each Continuing Fund will acquire all or substantially all of the net assets of the Terminating Fund and securityholders of each Terminating Fund will become securityholders of the Continuing Fund. As previously announced, it is expected that the proposed mergers will be effected on or about October 31, 2018 (the “Merger Date”) [subject to regulatory approval]. Securityholders of each Terminating Fund who do not wish to own securities of a Continuing Fund may instead redeem their securities or switch their securities for securities of any other mutual fund in the NCM Group of Funds until the close of business on the last business day immediately preceding the Merger Date.   

NCM is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.ncminvestments.com for more details about NCM and its investment products. For the complete disclosure record of the NCM Group of Funds, please visit www.sedar.com.

About NCM Asset Management Ltd.

For over 20 years, NCM has been one of Canada’s leaders in actively managed investment products. With an in-house portfolio management team and a family of actively managed funds, NCM has earned multiple awards recognizing its investment success. NCM is an independent Canadian investment firm with offices in Calgary and Toronto, distributing retail mutual funds and related products and services to Canadian investors, through a third party distribution channel.  (www.ncminvestments.com)

 

For More Information:

Ellen BarbourSenior Manager, Investment Operations

Based in Calgary, Ellen manages the Dealer and Client Services Team as well as other functions spanning operations, fund administration and project management. Ellen has accumulated 16 years of experience in the investment industry. Ellen studied at York University and…

Notice to Reader:

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management’s control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.