AIC Limited

AIC Limited

December 18, 2006 10:01 ET

AIC Announces Completion of Fund Mergers

BURLINGTON, ONTARIO--(CCNMatthews - Dec. 18, 2006) - AIC Limited today announced that four AIC funds (set out below as "Terminating Funds") were merged with four continuing funds:



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Terminating Fund Continuing Fund
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AIC American Balanced Fund AIC Global Balanced Fund
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AIC American Balanced Corporate Class AIC Value Corporate Class
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AIC Private Portfolio Counsel Income Pool AIC Private Portfolio Counsel
Bond Pool
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AIC American Focused Plus Fund AIC American Focused Fund
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Regulatory approval for the mergers of AIC American Balanced Fund, AIC American Balanced Corporate Class and AIC Private Portfolio Counsel Income Pool was received on December 6th, 2006, and regulatory approval for the merger of AIC American Focused Plus Fund was received on December 12th, 2006. Investors in the Terminating Funds have become investors in the corresponding Continuing Funds as a result of the mergers. Under a dollar-for-dollar exchange formula, the dollar value of the investors' investments in the Terminating Funds were transferred to the respective Continuing Funds.

AIC commenced operations in 1985 and has grown to become one of Canada's largest privately-held mutual fund companies with assets under management exceeding $8 billion.

Contact Information

  • AIC Limited, Burlington ON
    Terri Oswald, Director, Media Relations
    Media Contact
    (905) 331-4242, ext. 4345 or 1-888-710-4242, ext. 4345
    Email: toswald@aic.com / info@aic.com
    Website: www.aic.com