Elliott & Page to cap fund

Article Abstract:

Elliott & Page Ltd., a Toronto, Ontario-based subsidiary of Manufacturers Life Insurance Co. of Toronto, has announced it intends to cap Elliott & Page Equity Fund, its flagship fund valued at C$640.5-million, by Dec. 31, 1998. However, investors who hold preauthorized checking purchase plans will still be allowed to buy units in Elliott & Page Equity Fund. Elliott & Page said it also plans to introduce five new plans in November 1998 and phase out three others on Oct. 31, 1998. The new funds include the Elliott & Page Sector Rotation Fund, Elliott & Page Active Bond Fund, Growth Opportunities Fund, Generation Wave Fund and European Equity Fund while those funds that the company will eliminate are the Elliott & Page Bond Fund, Elliott & Page Global Balanced Fund and the Elliott & Page Balanced Fund.

Comment:

Announces it intends to cap Elliott & Page Equity Fund, its flagship fund valued at C$640.5-million, by Dec. 31, 1998

Services information, Investment Advisory Services, Investment Advice, Ontario, Investment advisers, Article, Elliott and Page Ltd.

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Dundee Wealth strikes deal to buy Peelbrooke shares

Article Abstract:

Dundee Wealth Management Inc, which offers financial planning services and brokerage services and also runs a mutual fund firm, reached an agreement to buy the shares of Peelbroke Capital Inc for around C$39 million. Peelbroke is the new name for the parent of former brokerage firm Marleau Securities Inc, which stopped operating in 1998 due to several financial problems.

Canada, Asset sales & divestitures, Acquisitions & mergers, Mortgage and Nonmortgage Loan Brokers, Mortgage Bankers & Brokers, Dundee Wealth Management Inc., Peelbroke Capital Inc.

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