/EINPresswire.com/ -- CALGARY, AB--(Marketwired - March 22, 2016) - Norrep Capital Management Ltd. ("Norrep"), the manager of a strategically focused group of public mutual funds, alternative investment funds and limited partnerships, announced today its intention to proceed with the following proposed mutual fund mergers (the "Mergers"), subject to all required shareholder and regulatory approvals:

                                                                            
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Terminating Fund                      Continuing Fund                       
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Norrep Global Class                   Norrep Global Income Growth Class     
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Norrep Canadian Equity Class          Norrep Core Canadian Pool             
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Norrep Global Class, Norrep Global Income Growth Class and Norrep Canadian Equity Class are each classes of Norrep Opportunities Corp. Norrep Core Canadian Pool is a class of Norrep Core Portfolios Ltd. that was launched in February, 2016.

Shareholders of Norrep Global Class, Norrep Global Income Growth Class, Norrep Canadian Equity Class and Norrep Core Canadian Pool will be asked to approve the Mergers at special meetings of shareholders of such funds (the "Meetings") which are expected to be held on or about May 16, 2016. A joint Management Information Circular providing details of the Mergers, including the exact date of the Meetings, as well as proxy voting forms, will be sent to those shareholders entitled to receive them in due course.

In addition to shareholder approval, the Mergers remain subject to regulatory approval. The Independent Review Committee for each of the merging funds has considered the Mergers and provided Norrep with its positive recommendation with respect to the Mergers. If the requisite shareholder and regulatory approvals are obtained, the Mergers will be implemented as soon as practicable following the Meetings.

In anticipation of receiving the requisite approvals for the Mergers, effective today at 4:00 p.m., securities of the terminating funds listed in the table above will no longer be available for purchase, except to those shareholders who have existing arrangements in place to purchase shares of a terminating fund under an automatic purchase plan. 

Shareholders of the terminating funds will have the right to redeem their shares or switch to another mutual fund managed by Norrep (including on a tax-deferred basis to a fund that is a class of Norrep Opportunities Corp.) up to the close of business on the business day immediately preceding the effective date of the Mergers.

Investors are encouraged to speak with their investment advisor about the proposed Mergers and to review their options.

Norrep Capital Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.norrep.com for more details about Norrep and its investment products. For the complete disclosure record of the Norrep Group of Funds, please visit www.sedar.com.

For more information, please contact:

Leila Li
Dealer & Client Services Associate
Norrep Capital Management Ltd.
1100, 606 – 4 Street SW, Calgary, Alberta T2P 1T1
(877) 431-1407

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