Morgan Meighen & Associates Limited

October 14, 2005 17:47 ET

Morgan Meighen & Associates Limited: News Release

TORONTO, ONTARIO--(CCNMatthews - Oct. 14, 2005) - Morgan Meighen & Associates Limited ("MMA") confirms the receipt of all required regulatory and unitholder approvals under National Instrument 81-102 Mutual Funds ("NI 81-102") in relation to the June 27, 2005 transaction agreement, as amended, entered into with Juniper Fund Management Corporation ("JFM") and Juniper Equity Growth Fund ("JFund").

Effective October 7, 2005, the Capstone Balanced Fund, Capstone Canadian Equity Fund and Capstone Global Equity Fund have been merged with the JFund. As a result, unitholders in these funds have received units in the JFund that are equivalent in value to their Capstone holdings following the mergers.

Concurrent with the above, the declaration of trust and the management contract of the Capstone Cash Management Fund have been assigned to JFM, with JFM becoming the trustee and the manager (within the meaning of such term in NI 81-102). Unitholders have approved changes to the Capstone Cash Management Fund, including changes to investment objectives, strategies and fee structure. As well, the custodian of the fund has changed and the fund has been renamed the Juniper Income Fund effective October 7, 2005.

The fund codes for the JFund and Juniper Income Fund are JEF 001 and JEF 002, respectively.

As MMA has been engaged by JFM as the investment advisor to both of the Juniper Funds, former Capstone unitholders will continue to benefit from MMA's long portfolio management experience.

Morgan Meighen & Associates Limited is registered as Investment Counsel and Portfolio Manager in the provinces of Ontario, British Columbia and Manitoba. It currently has approximately $1 billion in assets under management and has been providing clients with professional investment management for 50 years.

Contact Information

  • Morgan Meighen & Associates Limited
    Clive Robinson
    Senior Vice-President
    (416) 366-2931