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Mutual funds

1832 to convert DPF India Opportunities Fund to open-end mutual fund


1832 Asset Management, the manager of DPF India Opportunities Fund, has secured unitholder approval for conversion of the closed end fund to an open-end mutual fund.

The conversion is expected to be effective on 20 June 2014.
 
There will be a pre-conversion redemption opportunity for existing unitholders that is scheduled to occur on or about 6 June for payment on or about 13 June. Redemption requests may be submitted between 26 May and 5 June.
 
The fund will be de-listed from the TSX on or about 11 June.
 
Subject to receiving any necessary approvals, the name of the fund will change to Dynamic Emerging Markets Fund; its new investment objective will be to achieve long-term capital appreciation by investing primarily in equity securities of companies that are located in or doing business primarily in emerging markets. Chuk Wong will be the portfolio manager.

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