Castlerock calls vote on fees, CI amalgamation

Castlerock Investments, formerly known as Hartford Investments Canada, has announced a special meetings of unitholders for its funds, to consider a proposal to put in place fixed annual administration fees. The funds currently charge variable operating expenses.

Under the proposal, Castlerock will implement fixed administration fees on all series of all funds (excluding Series I) in return for bearing all of the operating expenses of the funds, excluding certain taxes and other costs.

After the change, the management expense ratios (MERs) of the funds will consist of the management fee, the fixed administration fee and certain taxes.

“The proposals announced today represent important steps in our longer-term plans to enhance the administrative operations of the funds,” said Derek J. Green, Castlerock president.

Also under consideration is a proposal to amalgamate Castlerock with its corporate parent, CI Investments on or about June 30, 201

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