SOURCE: DPF India Opportunities Fund
TORONTO, ON--(Marketwired - May 22, 2014) - 1832 Asset Management L.P. ("1832"), the manager of DPF India Opportunities Fund (TSX: DPF.UN) (the "Fund"), announced today that unitholders have voted in favour of its proposal to convert the Fund from a closed-end investment fund to an open-end mutual fund in compliance with National Instrument 81-102- Mutual Funds. The conversion is expected to be effective June 20, 2014.
Detailed information regarding the impact of the conversion, including the benefits to unitholders, can be found at www.dpfopportunities.com.
There will be a pre-conversion redemption opportunity for existing unitholders that is scheduled to occur on or about June 6, 2014 for payment on or about June 13, 2014. Redemption requests may be submitted between May 26 and June 5, 2014. The Fund will be de-listed from the TSX on or about June 11, 2014. 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; and Chuk Wong will be the portfolio manager.
About 1832 Asset Management L.P.
1832 Asset Management L.P. offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.