NexGen Financial Limited Partnership

NexGen Financial Limited Partnership

August 12, 2013 12:17 ET

NexGen Financial Limited Partnership Announces Changes to Its Mutual Fund Line-Up

TORONTO, ONTARIO--(Marketwired - Aug. 12, 2013) - NexGen Financial Limited Partnership ("NexGen") is pleased to announce that it has received security holder and regulatory approval to proceed with the following fund mergers which were announced on July 3, 2013:

Terminating Fund Continuing Fund Merger Date
NexGen Global Value Registered Fund NexGen Canadian Balanced Growth Registered Fund August 9, 2013
NexGen Global Value Tax Managed Fund NexGen Canadian Balanced Growth Tax Managed Fund August 9, 2013
NexGen Global Resource Registered Fund NexGen Canadian Balanced Growth Registered Fund August 9, 2013
NexGen Global Resource Tax Managed Fund NexGen Canadian Balanced Growth Tax Managed Fund August 9, 2013

Effective August 9th the Continuing Funds will be managed by J. Zechner Associates Inc.

"The mergers will result in NexGen offering fewer, larger Funds effective August 9th and better position the Funds as they work towards potential increased economies of scale" said Laurie Munro, President of NexGen.

About NexGen

NexGen Financial Limited Partnership is a mutual fund company and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.

Forward Looking Statements

This release may contain "forward-looking statements" which reflect the current expectations of the Company. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those listed under the heading "Risk Factors" in the Company's Management Discussion and Analysis, which is available on the Company's website and on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the Company believes to be reasonable assumptions, the Company cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Contact Information