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Sprott To Merge Growth, Equity Funds
Sprott Asset Management is planning to combines two of its funds. The Sprott Growth Fund will be merged with the Sprott Small Cap Equity Fund.
Sprott Asset Managementis planning to combines two of its funds. TheSprott Growth Fundwill be merged with theSprott Small Cap Equity Fund. The holders of units of each series of the growth fund will get units of the equivalent series of small cap equity fund.
Allan JacobsandPeter Imhofwill join the portfolio management team of the small cap equity fund. The merger, which is subject to receiving regulatory approval, is expected to be effective from Aug. 29, 2011.
Click here for the release fromCanada Newswire.