1832 Asset Management, the manager of DPF India Opportunities Fund, has announced that unitholders have voted in favour of its proposal to convert the fund from a closed-end investment fund to an open-end mutual fund.
The conversion is expected to be effective June 20, 2014.
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There will be a pre-conversion redemption opportunity for existing unitholders that is scheduled to occur on or about June 6, 2014 for payment on or about June 13, 2014.
Redemption requests may be submitted between May 26 and June 5, 2014. The Fund will be de-listed from the TSX on or about June 11, 2014.
Subject to receiving any necessary approvals, the name of the fund will change to Dynamic Emerging Markets Fund; its new investment objective will be to achieve long-term capital appreciation by investing primarily in equity securities of companies that are located in or doing business primarily in emerging markets; and Chuk Wong will be the portfolio manager.
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