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... performance data and the assumption of all merger costs by the fund manager. Point of Sale Di...
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[Sherman Kreiner] said that first confrontation sparked a "24-hour marathon" where arguments erupted in different offices on different floors throughout the day. Kreiner said he told [John Pelton] and [Laurie Goldberg] he was going to get to the bottom of what happened in the meeting with [Jane Hawkins], one way or the other. "Either she is lying or you are lying," Kreiner recalled telling Pelton and Goldberg. "Someone is not telling the truth.
The minutes were changed in mid-November prior to a board meeting. Three sentences were added to Goldberg's report on valuations. The amended portions included a warning from Goldberg that "the fund was experiencing liquidity challenge" and that "40 per cent of the investee companies were in a negative cash flow position." Also added were commen...
... by the Crocus investment department for merger negotiations with Bill Watchorn, founder of Ensis ...
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... expenses properly payable from pension trust fund. Pensions - Pension plans - Contribution holidays ...196, similarly concerned the merger of pension plans, in which each merging plan's sur...
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Details of a proposal that would see the ENSIS fund amalgamated into the larger GrowthWorks Canadian Fund might start hitting the ENSIS board members' desks in the coming weeks.
The ENSIS board -- the only component of the ENSIS fund that remains independent of GrowthWorks -- will try to have its own due diligence completed before the ENSIS annual general meeting at the end of April, when it would make a recommendation to shareholders, who then have a chance to vote on the deal.
The merger seems like a reasonable proposition. Benefits to ENSIS shareholders that are being touted include a lowered management expense ratio, improved liquidity by virtue of the larger size of the GrowthWorks fund (net assets of just less than $400 million for GrowthWorks, compared to about $100 million at EN...
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... from a Registered Retirement Income Fund or from a variable benefit money purchase pension ... order; and (g) introducing a two-stage merger review process for notifiable transactions, increa...
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... in yet another trough following a wave of mergers and acquisitions (M&A), the pill's legacy has once... address modern market realities, the fundamental emphasis on shareholder choice must remain the the...
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... battle and not seek to "unscramble" your merger. However, in light of the D.C. Circuit Court of Ap...acquiring Lakeport Brewing Income Fund for an additional thirty. days because the Commiss...
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..., in that no other rules directly address mergers or other acquisitions of investment funds that are...
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... legal developments have made pension plan mergers in Canada even. more complicated. Given this backg... with respect to pension plan texts and funding. agreements that form the basis of pension plan do...
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We have syndicated in the past with Golden Opportunity Fund," [Les Lyall] said Thursday. "We know the people there. We think they are very credible and run a very good fund. From an investment perspective the more capital brought into the province the better.
"On the fundraising side they would represent competition," said Lyall. "But competition is good. We will let the marketplace decide as to who they should invest with and we will stack up our track records."
All the money Golden Opportunities raises in Manitoba will be invested here. Kook said, "We have no illusions about needing to get investor confidence, but hopefully we can begin to turn the market and it would be wonderful if we could get some early traction in the first year of even $5 million-plus."
... Canadian Fund, which completed its merger with Ensis in October, said he would welcome Golde...