SOURCE: Dynamic Funds

Dynamic Funds

SOURCE: 1832 Asset Management L.P.

December 17, 2015 09:00 ET

Dynamic Funds Receives Shareholder Approval for Modifications to Certain Funds

TORONTO, ON--(Marketwired - December 17, 2015) - 1832 Asset Management L.P., as the manager of Dynamic Funds, today announced that it has received shareholder approval for its proposals to modify the investment objective of Dynamic Power Managed Growth Class. The fund will be renamed Dynamic Power Dividend Growth Class effective January 1, 2016. Shareholders also approved proposals to modify the investment objective and replace the performance fee index of Dynamic Alternative Investments Private Pool Class. These changes will take effect as of January 1, 2016.

Additional enhancements have been introduced to Dynamic Power Dividend Growth Class managed by Alexander Lane, VP and Portfolio Manager. Effective January 1, 2016, the management fee of this fund will be reduced to 1.85% for Series A and T shares and to 0.85% for Series F and I shares, as well as the tiered pricing management fees on Series I shares will be reduced over certain thresholds. Performance fees for the fund have also been eliminated, including any current payable performance fees for the year.

About Dynamic Funds

Dynamic Funds is managed by 1832 Asset Management L.P., which 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. ® Dynamic Funds is a registered trademark of its owner, used under license.

Commissions, trailing commissions, management fees and expenses all may be associated with investments in the funds. Please read the prospectus before investing. Investments in the funds are not guaranteed; their values change frequently and past performance may not be repeated.

Contact Information

  • For further information, please contact:

    Customer Relations Centre 
    1‐800‐268‐8186
    www.dynamic.ca

    Public, Corporate and Government Affairs
    Devinder Lamsar
    416‐933‐1171