Excel Funds Management Inc.

Excel Funds Management Inc.

September 04, 2015 11:51 ET

Excel Funds Management Inc. Announces Completion of Fund Merger

TORONTO, ONTARIO--(Marketwired - Sept. 4, 2015) - Excel Funds Management Inc. (the "Manager") is pleased to announce that, after obtaining the requisite unitholder and regulatory approvals, it has completed the mergers of Excel Latin America Bond Fund and Excel Latin America Bond Fund II (collectively the "Terminating Funds") into Excel High Income Fund (the "Continuing Fund"), an open-ended mutual fund co-advised by Excel Investment Counsel Inc. and Amundi S.A., effective as of September 3, 2015 (the "Merger Date").

Unitholders of each class of the Terminating Funds have received securities of the equivalent series of the Continuing Fund at the aggregate net asset value equal to the value of the Terminating Funds' net assets as of the close of business on the last valuation date for the Terminating Funds immediately preceding the Merger Date. The series A and series F units of the Continuing Fund have been issued by the Continuing Fund at the net asset value per series A unit and net asset value per series F unit, respectively, as of the close of business on the last valuation date for the Continuing Fund immediately preceding the Merger Date. The Terminating Funds will be wound up as soon as possible following the merger.

The Manager looks forward to continuing to serve the interests of unitholders of the Continuing Fund.

About Excel High Income Fund.

The investment objective of Excel High Income Fund is to seek to achieve total return comprised of a combination of interest income and capital growth by investing primarily in debt securities issued by governmental and corporate issuers located in emerging market countries throughout the world.

About Excel Funds Management Inc.

The Manager is a multiple Lipper Award winner specializing in emerging markets. Founded in 1998 with the launch of the Excel India Fund, the largest and longest running India-focused fund in Canada, the Manager has been a Canadian leader in emerging market-focused mutual funds by offering a wide-range of innovative mutual funds that capture new growth opportunities.

Through its network of sub-advisors, the Manager has access to the knowledge base of over 200 local portfolio managers and analysts around the world. Its on-the ground sub-advisors, proprietary asset allocation model and best-in-class portfolio managers contribute to the firm being recognized as "The Authority in Emerging Markets" in Canada.

For further information, please contact your financial advisor, call our investor relations line at 1‐888‐813‐9813 or visit our website at www.excelfunds.com.

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