Fund

NCM Asset Management Ltd. announces a change to its range of investment funds

Calgary, Alberta–(Newsfile Corp. – March 1, 2021) – NCM Asset Management Ltd. (“MR“), the manager of a strategically focused group of public mutual funds, alternative investment funds and related products and services, has announced its intention to change the investment objectives of NCM Short Term Income Fund.

The amendments, described below, are subject to the approval of unitholders at a special meeting of unitholders (the “Meeting“) on May 10, 2021. If the required approval is obtained, it is expected that the proposed change in investment objectives will be implemented on or about May 15, 2021.

Prior to the Meeting, a Notice and Access Document will be mailed on April 9, 2021 to Unitholders of record as of March 31, 2021. The Notice and Access Document will describe the various ways Unitholders may obtain a copy a management information circular containing full details of the proposed changes. The Notice and Access Document and the Management Proxy Circular will also be available on SEDAR at www.sedar.com.

Investment Objective Changes

Subject to obtaining unitholder approval, NCM Short Term Income Fund will change its investment objectives as set out below and will be renamed NCM Core Income Fund.

Current investment objectives

Proposed investment objectives

The Fund is designed to provide investors with capital preservation and a highly liquid portfolio of primarily government and corporate debt securities targeting a level of income consistent with investments in short-term fixed income securities. These securities are primarily from Canadian and US issuers, but may also, depending on market opportunities, include global issuers. The Portfolio may consist of all types of debt securities of issuers which may or may not be listed for trading on stock exchanges or other organized and regulated trading platforms. The assets of the Fund may also be invested in equities and equity-like securities or held in cash to the extent that economic, market or other conditions make it appropriate.

The Fund is designed to provide investors with capital preservation through a liquid portfolio consisting primarily of government and corporate debt securities targeting a level of income consistent with investments in Canadian fixed income securities. These securities are primarily from Canadian issuers, but may also, depending on market opportunities, include other global issuers subject to CIFSC limits. The Portfolio may consist of all types of debt securities of issuers which may or may not be listed for trading on stock exchanges or other organized and regulated trading platforms.

The Fund’s Independent Review Committee has reviewed potential conflict of interest issues related to the proposed change in investment objectives and provided NCM with a positive recommendation for the proposed change in investment objectives after determining that the change, s if implemented, would achieve a fair and reasonable result for the fund.

Please visit www.ncminvestments.com for more details on NCM and its investment products. For the full NCM Group of Funds disclosure package, please visit www.sedar.com.

About NCM – NCM Asset Management Ltd.

For more than 20 years, NCM has been one of Canada’s leaders in actively managed investment products. With a family of actively managed funds, NCM has won numerous awards recognizing its investment success. NCM is an independent Canadian investment firm with offices in Calgary and Toronto, distributing retail mutual funds and related products and services to Canadian investors, through a third-party distribution channel. (www.ncminvestments.com)

For more information or assistance, please contact:

NCM – NCM Asset Management Ltd.

Dealer and Customer Services
Attention: Brad Dimitroff
Toll free: 1-877-431-1407
Dome Tower – Suite 1850, 333 – 7and Avenue SW, Calgary, AB T2P 2Z1
Email: [email protected] | Website: www.ncminvestments.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75760