Marquest Asset Management Inc.

Marquest Asset Management Inc.
Marquest International Income Balanced Fund

Marquest International Balanced Fund

October 02, 2014 12:56 ET

Marquest Asset Management Inc. Announces Termination of Trust Funds

TORONTO, ONTARIO--(Marketwired - Oct. 2, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Marquest Asset Management Inc. ("Marquest"), the manager of the funds indicated below, has announced that it has terminated the Marquest International Income Balanced Fund and the Marquest International Balanced Fund (the "Funds") effective September 30, 2014. The Funds were terminated in connection with the completion of the following mergers (the "Mergers"):

Merging Fund Continuing Fund
Marquest International Income Balanced Fund Marquest Global Balanced Fund (Formerly, Marquest Tax Deferred Income Fund)
Marquest International Balanced Fund Marquest Global Balanced Fund (Formerly, Marquest Tax Deferred Income Fund)

The Mergers were approved by unitholders at special meetings of unitholders convened on July 7, 2014 and July 14, 2014. The Mergers received the requisite regulatory approval on July 25, 2014.

The Mergers took effect on or about the close of business on September 5, 2014.

Generally, the Mergers are expected to benefit the securityholders of the merging funds for the following reasons: (i) the Mergers will reduce duplication and redundancy between the funds, thereby increasing operational efficiencies; (ii) each continuing fund will have more assets, thereby allowing for increased portfolio diversification opportunities; and (iii) each continuing fund will benefit from its larger profile in the marketplace.

About Marquest

Marquest provides diversified asset and wealth management for both individuals and institutional investors.

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

Contact Information

  • Andrew A. McKay
    President
    416-777-7312