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Sign up to receive daily headline news from Regina Leader-Post, a division of Postmedia Network Inc. Email Address There was an error, please provide a valid email address. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300
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Canadian General Investments: Report of Voting Results Canadian General Investments, Limited Toronto, Ontario, CANADA
TORONTO, April 22, 2021 (GLOBE NEWSWIRE) This report is filed under section 16.3 of National Instrument 81-106 Investment Fund Continuous Disclosure in respect of the annual general meeting of shareholders of Canadian General Investments, Limited (the “Corporation”) held on April 22, 2021 (the “Meeting”).
There were 14,782,173 common shares represented in person or by proxy at the Meeting (equal to 70.86% of the issued and outstanding common shares).
Each of the seven nominees proposed by management for election as a director of the Corporation, as listed in the management information circular dated February 26, 2021, was elected as a director of the Corporation by votes cast at the Meeting. The detailed results of the vote for the election of each director are set out below.
A growing number of investors like the idea of exchange-traded funds (ETFs) because their low MERs. But what causes some confusion is how the various types of pooled funds are priced on the market. It’s not quite as straightforward as you may think. To understand fund pricing, you have to first understand the key differences among the three types of investment funds: mutual funds; ETFs; and closed-end funds. An ETF is in many respects like a mutual fund, except that it trades on an exchange like a stock. A share in an ETF represents a proportional ownership in the underlying pool, in the same way that units of a mutual fund do. But because an ETF is actively traded through the day, its share price varies throughout the trading session of the market. Mutual funds’ prices (or net asset value per unit) are typically calculated after the end of the trading day, when the closing values of a fund’s constituent holdings are known.
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