Marquest Asset Management Inc.

Marquest Asset Management Inc.
Marquest Canadian Balanced Fund (Corporate Class)

Marquest Dow Jones Canada High Dividend 50 Fund (Corporate Class)

Marquest S&P/TSX Canadian Dividend Aristocrats Fund (Corporate Class)

Marquest American Dividend Growth Fund (Corporate Class)

Marquest Covered Call Canadian Banks Plus Fund (Corporate Class)

November 21, 2014 16:01 ET

Marquest Asset Management Inc. Confirms That Certain Fund Proposals Will Not Be Completed

TORONTO, ONTARIO--(Marketwired - Nov. 21, 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, announced today that the special meetings of securityholders of these funds, which had been initially convened on October 21, 2014 and adjourned until November 20, 2014, will not proceed as the requisite quorum requirements were not met.

The meetings were being convened in connection with the previously announced reorganization of certain of the mutual funds comprising the Marquest Group of Funds (the "Reorganization"). The Reorganization included (A) proposed mergers the following funds: (i) the Marquest Canadian Balanced Fund (Corporate Class), (ii) the Marquest Dow Jones Canada High Dividend 50 Fund (Corporate Class), and (iii) the Marquest S&P/TSX Canadian Dividend Aristocrats Fund (Corporate Class), and (B) changes to the investment objectives of the following funds: (i) the Marquest American Dividend Growth Fund (Corporate Class), and (ii) the Marquest Covered Call Canadian Banks Plus Fund (Corporate Class), (collectively, the "Funds").

As a result, Marquest will continue to manage and administer the Funds in accordance with their existing investment objectives, strategies and restrictions.

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