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CWB Wealth Management Ltd. announces fund merger to streamline its mutual funds line-up

Tue 12th June, 2018 12:00pm
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EDMONTON, Alberta, June 12, 2018 (GLOBE NEWSWIRE) -- CWB Wealth Management
Ltd. (CWB WM), the manager of the CWB Mutual Funds, today announced proposed
changes to certain CWB Mutual Funds to reduce duplication of mutual fund
offerings that have similar investment objectives across CWB WM’s product
lineup.  Effective on or about September 10, 2018, the following CWB Mutual
Funds will merge:

 Terminating CWB Mutual Fund  Continuing CWB Mutual Fund        
 CWB Core Fixed Income Fund   CWB Onyx Diversified Income Fund  

On the effective date of the merger, unitholders of the CWB Core Fixed Income
Fund will receive Series A units of the CWB Onyx Diversified Income Fund on a
dollar-for-dollar and tax-deferred basis. The CWB Core Fixed Income Fund will
be wound up following the merger.

The Independent Review Committee of the CWB Core Fixed Income Fund and the CWB
Onyx Diversified Income Fund has approved the merger after determining that
the merger would achieve a fair and reasonable result for each of the funds.

Unitholders of the CWB Core Fixed Income Fund will be sent written notice
related to the merger at least 60 days prior to the effective date.
Unitholders will have the right to redeem or switch their units of the CWB
Core Fixed Income Fund up to the close of business on the business day
immediately before the effective date of the merger.  Provided the effective
date of the merger is September 10, 2018, unitholders will be able to redeem
their units up to the close of business on September 7, 2018.

About CWB Wealth Management 
CWB Wealth Management Ltd. (CWB WM) is part of CWB Financial Group, a
diversified financial services group providing specialized services in
business and personal banking, trust and wealth management across Canada. CWB
WM provides discretionary portfolio management and investment advisory
services, as well as financial planning products and services. Along with our
subsidiaries, McLean & Partners Wealth Management Ltd. and Canadian Western
Financial Ltd., we provide a range of investment services and solutions to
institutional, high-net-worth and individual investors including mutual funds,
pooled funds and separately managed accounts.

SOURCE: CWB Wealth Management Ltd.

For more information:

Loretta Carbonelli
Chief Compliance Officer
CWB Wealth Management Ltd.
Phone: (780) 392-1478
Email :

GlobeNewswire, Inc. 2018
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