NexGen seeks fund mergers

NexGen Financial is seeking unitholder ad regulatory approvals for several fund mergers which would elimate six funds.

The proposals include:

• Merging NexGen American Growth Registered Fund, NexGen North American Value Registered Fund and NexGen Global Dividend Registered Fund into NexGen Canadian Balanced Growth Registered Fund; and
• NexGen American Growth Tax Managed Fund, NexGen North American Value Tax Managed Fund and NexGen Global Dividend Tax Managed Fund into NexGen Canadian Balanced Growth Tax Managed Fund.

Securityholder approval will be sought at special meetings to be held on March 29, 2011 for the Registered Funds and on March 30, 2011 for the Tax Managed Funds. If approvals are obtained, the mergers will be effective on or about May 6, 2011.

Securities of each of the merging funds will cease to be available for sale effective 5:00 p.m. March 18, 2011, except for distribution of securities under pre-authorized chequing plans.

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