Latest news with #Funds
Cision Canada
3 days ago
- Business
- Cision Canada
CONNOR, CLARK & LUNN FUNDS INC. ANNOUNCES AMENDMENTS TO THE FUND FACTS DOCUMENTS
TORONTO, May 30, 2025 /CNW/ - Connor, Clark & Lunn Funds Inc. (the Manager), the manager of CC&L Diversified Income Fund, CC&L Absolute Return Bond Fund, CC&L Global Long Short Fund, CC&L Global Market Neutral II Fund, NS Partners International Equity Focus Fund and PCJ Absolute Return II Fund (collectively, the Funds and each, a Fund), announces that it will be amending the fund facts documents for each series of units of the Funds with each of the applicable securities regulatory authorities in Canada in order to correct an error relating to the management expense ratio (MER) of each Fund. The Manager has implemented enhanced policies and procedures to ensure the accuracy of all information provided to investors on a going-forward basis. The fund facts documents dated March 31, 2025 of each Fund will be amended to correct the MER for each series of units listed below to correspond with the MER for the series as disclosed in the most recently filed management report of fund performance (MRFP) for each Fund: The amended find facts documents are expected to be filed by May 30, 2025 and will be available to investors on and on the designated website of the Funds at As the corrected MER figures are, in some cases, higher than the MER listed in the March 31, 2025 fund facts documents, the Manager will waive any short-term trading fees for investors that have purchased one of the affected series of units in the Funds between March 31, 2025 and May 30, 2025 who wish to redeem such units. Forward-Looking Information This news release may contain forward-looking information (within the meaning of applicable securities laws) relating to the business and operations of the Manager and the Funds (forward-looking statements). Forward-looking statements may be identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Manager's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the timing and implementation of the implementation of the new investment objectives of each Fund and the corresponding name changes, changes in investment strategies, changes in the fee structures, the expected risk ratings of the Funds and the expected change in the performances of the Funds. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading "WHAT IS A MUTUAL FUND AND WHAT ARE THE RISKS OF INVESTING IN A MUTUAL FUND?" in the simplified prospectus available on the SEDAR profile of each Fund at There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Manager and the Funds assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Connor, Clark & Lunn Funds Inc.
Yahoo
3 days ago
- Business
- Yahoo
CONNOR, CLARK & LUNN FUNDS INC. ANNOUNCES AMENDMENTS TO THE FUND FACTS DOCUMENTS
TORONTO, May 30, 2025 /CNW/ - Connor, Clark & Lunn Funds Inc. (the Manager), the manager of CC&L Diversified Income Fund, CC&L Absolute Return Bond Fund, CC&L Global Long Short Fund, CC&L Global Market Neutral II Fund, NS Partners International Equity Focus Fund and PCJ Absolute Return II Fund (collectively, the Funds and each, a Fund), announces that it will be amending the fund facts documents for each series of units of the Funds with each of the applicable securities regulatory authorities in Canada in order to correct an error relating to the management expense ratio (MER) of each Fund. The Manager has implemented enhanced policies and procedures to ensure the accuracy of all information provided to investors on a going-forward basis. The fund facts documents dated March 31, 2025 of each Fund will be amended to correct the MER for each series of units listed below to correspond with the MER for the series as disclosed in the most recently filed management report of fund performance (MRFP) for each Fund: CC&L Diversified Income Fund Corrected MER (from MRFP) March 31, 2025 Fund Facts MER Series A units 2.23 % 2.98 % Series F units 1.25 % 1.90 % Series O units 1.05 % 1.95 % Series Arbour units 2.79 % 3.41 % Series Reserve units 0.00 % 3.15 %CC&L Absolute Return Bond Fund Series A units 2.14 % 1.94 % Series F units 1.11 % 1.26 % Series I units 0.54 % 0.31 %CC&L Global Long Short Fund Series A units 5.46 % 2.15 % Series F units 4.70 % 1.06 % Series I units 0.75 % 0.64 %CC&L Global Market Neutral II Fund Series A units 4.51 % 2.13 % Series F units 3.86 % 1.51 % Series I units 0.63 % 0.77 %NS Partners International Equity Focus Fund Series A units 2.23 % 2.57 % Series F units 1.28 % 1.75 % Series I units 0.32 % 0.75 %PCJ Absolute Return II Fund Series A units 2.46 % 2.13 % Series F units 1.96 % 1.51 % Series I units 0.32 % 0.77 % The amended find facts documents are expected to be filed by May 30, 2025 and will be available to investors on and on the designated website of the Funds at As the corrected MER figures are, in some cases, higher than the MER listed in the March 31, 2025 fund facts documents, the Manager will waive any short-term trading fees for investors that have purchased one of the affected series of units in the Funds between March 31, 2025 and May 30, 2025 who wish to redeem such units. Forward-Looking Information This news release may contain forward-looking information (within the meaning of applicable securities laws) relating to the business and operations of the Manager and the Funds (forward-looking statements). Forward-looking statements may be identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Manager's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the timing and implementation of the implementation of the new investment objectives of each Fund and the corresponding name changes, changes in investment strategies, changes in the fee structures, the expected risk ratings of the Funds and the expected change in the performances of the Funds. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading "WHAT IS A MUTUAL FUND AND WHAT ARE THE RISKS OF INVESTING IN A MUTUAL FUND?" in the simplified prospectus available on the SEDAR profile of each Fund at There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Manager and the Funds assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Connor, Clark & Lunn Funds Inc. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
7 days ago
- Business
- Business Wire
Vision's Andrew Moffs Recognized As 2025 TopGun Investment Mind By Brendan Wood International
TORONTO--(BUSINESS WIRE)--Vision Capital Corporation ('Vision'), the manager of the Vision Opportunity Funds (the 'Funds'), is very pleased to announce that Mr. Andrew Moffs, Vision's Senior Vice President, Portfolio Manager, has been recognized for the second consecutive year as a TopGun Investment Mind by Brendan Wood International. The Brendan Wood designation honours investment professionals who demonstrate exceptional investment acumen, strategic insight, and professionalism, as voted by their industry peers. This prestigious recognition underscores Andrew's unique talent, disciplined approach, and expertise in executing Vision's investment strategy. Andrew remarked, 'This honour reflects the collective skill and dedication of Vision's entire portfolio management team. It validates our proprietary and disciplined investment approach, which could not succeed without the team's collaborative efforts. Vision benefits from one of the largest and uniquely specialized investment teams focused on real estate securities globally and is dedicated to delivering superior risk-adjusted returns for our clients.' On behalf of Vision's clients and the entire Vision team, we extend our congratulations to Andrew on this significant milestone. About Vision Capital Corporation: At Vision, we differentiate ourselves by challenging the traditional approach to real estate investing. We focus on identifying investment opportunities that deliver superior risk-adjusted total returns while prioritizing capital preservation. Vision's unique strategy, implemented through the Funds, utilizes a long-short approach to provide a more efficient and effective method of gaining real estate exposure by investing in publicly traded real estate securities while minimizing risk. We see inefficiencies in the real estate securities market as opportunities to create value. These inefficiencies enable the Funds to invest at lower cost bases, with reduced risks and enhanced liquidity compared to direct property ownership, while maintaining a strong focus on protecting and growing capital. The Funds operate under a global investment mandate, primarily focusing on North America, where structural inefficiencies in U.S. and Canadian real estate securities present significant value-creation opportunities. Our selective and active engagement enhances performance, as demonstrated by the 21 successful takeovers of portfolio holdings over the past 16 years with an average announced takeover premium of 28%. The Funds are managed by a team that includes Co-Portfolio Managers Jeffrey Olin and Andrew Moffs, alongside Portfolio Advisor Frank Mayer, who collectively have over 100 years of real estate investment experience. This extensive knowledge, combined with unique insights and strong sector relationships, has contributed to the long-term success of the strategy. Since its inception in July 2008 through April 30, 2025, the Vision Opportunity Fund Limited Partnership, Class AF Units have delivered a total return of 439.2% and a compound annual growth rate (CAGR) of 10.5%, net of all fees and expenses. This compares to a 194.7% total return (6.6% CAGR) for the S&P/TSX Capped REIT Index and a 210% total return (7.0% CAGR) for the MSCI US REIT Index over the same period, and with significantly lower volatility. 1 About Brendan Wood International: Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Relying on its real time intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non-stop year round. There are 2000+ live consultations with investment professionals overseeing +/- $60 trillion invested in the +/- 1400 big cap companies on the BWI Index. Investors depend on BWI to quantify the demand side of the investment industry, including the name-by-name research sales and trading professionals who influence investor demand. The firm's partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance-based institution.
Business Upturn
22-05-2025
- Business
- Business Upturn
Terra's 2025 Vision Puts AI, Affordability, and Ecosystem Connectivity at the Center of Workers' Comp Innovation
COLLEGE STATION, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Terra, the cloud-native platform redefining Workers' Compensation software, today announced its bold 2025 roadmap—spotlighting new AI innovations, a radically fair pricing model, and seamless partner integrations. With transformative updates rolling out across claims and policy management, Terra is delivering what the industry has long lacked: true efficiency, simplicity, and transparency. Terra continues to expand its powerful suite of solutions, including Claims Management, Policy Administration, Claims Benchmarking, Connect Marketplace, and Compliance Management. These solutions are designed to simplify operations for stakeholders across the insurance and risk management ecosystem, such as Third-Party Administrators (TPAs), Carriers, Self-Insured Funds and Groups (SIFs and SIGs), Captives, Managing General Agents (MGAs), and Medical Service Providers. A standout differentiator for Terra is its Terra Connect functionality, a built-in marketplace that seamlessly links clients with leading service providers. This eliminates integration barriers and enables frictionless coordination across medical, legal, compliance, and ancillary vendors. This embedded ecosystem enables faster claim handling, streamlined workflows, and better outcomes. Announcing his vision for 2025 and beyond, James Benham , CEO and Co-Founder of Terra, stated , 'Our AI capabilities are already making a substantial impact by enhancing efficiency and streamlining the claims process for our clients, but this is just the beginning. With features like OCR that auto-populates compliance forms and AI-generated claim note summaries already in action, our clients are saving hours on administrative tasks every week. We are developing novel AI tools that will elevate operational efficiency and decision-making to new levels. We also have key AI partnerships in the pipeline that will strengthen our core platform with best-in-class functionality across automation, fraud detection, and predictive analytics.' To that end, Terra has introduced a pricing model that disrupts legacy norms: No setup fees No long-term contracts Flexible, month-to-month pricing based on claims volume (for claims) or gross written premium (for policy) Unlike legacy systems that rely on cumbersome processes, Terra's cloud-native, AI-powered platform centralizes workflows, integrates seamlessly with payment systems and ancillary services, and delivers real-time reporting and analytics. This evolution demonstrates Terra's commitment to providing forward-thinking solutions that address pain points such as manual interventions, security concerns, and the limitations of outdated systems. As Terra progresses on its 2025 roadmap, clients can expect a steady cadence of product rollouts throughout 2025, including deeper AI integrations, advanced risk-scoring features, and more intelligent automations across claims and policy operations. The company's 'Don't Pay Until You're Live' guarantee further cements its dedication to client success by eliminating financial risk during implementation. Explore the full roadmap and see Terra in action—Request a personalized demo here or go to . About Terra Terra is a cloud-native platform transforming Workers' Compensation claims and policy management. By streamlining operations, centralizing workflows, and integrating with critical systems, Terra delivers cutting-edge solutions designed to improve efficiency, reduce costs, and enhance overall management for TPAs, Carriers, SIFs, SIGs, Captives, MGAs, and Medical Service Providers. Media ContactGirish JaggiThe MicDrop Agency+1 (289) 623 3627 [email protected]
The Hindu
18-05-2025
- Business
- The Hindu
Work on construction of two bridges across Uyyakondan Canal in Tiruchi begins
Tiruchi Corporation has launched work on two bridges across the Uyyakondan canal to decongest city roads. In 2023, the civic body, to ensure better connectivity and utilisation of open space, proposed building pedestrian and motorable bridges across the Uyyakondan canal passing through the city. Four more bridges were planned in the next phase. The two bridges will be constructed utilising the Corporation's General Funds 2024-25. A sum of ₹1.04 crore had been sanctioned for the pedestrian bridge, which will connect Uzhavar Sandhai at Thennur with the Anna Nagar link road near the District Court Complex. It will be 20 feet wide, providing access to the walking tracks. It was part of the initiative to encourage non-motorised transport and facilitate pedestrians and cyclists to cross the canal. A sum of ₹1.25 crore had been sanctioned for the motorable bridge across the canal connecting Raja Colony with Bharathi Nagar near the Corporation park. The 30-ft wide bridge is expected to be ready within a year from the commencement of work. It is aimed at reducing traffic congestion near the MGR Roundabout and Mahatma Gandhi Memorial Government Hospital, as motorists from Vayalur Road can take the bridge to reach the Railway Junction, Central Bus Stand, and nearby areas. Over the past few decades, the canal has been facing extensive pollution, with sewage being let directly into it at about 32 points along the city stretch. Officials said the inflow of drainage would reduce once the properties on the banks are covered by the ongoing underground drainage project. Meanwhile, the civic body has taken steps to remove water hyacinths from the canal to ensure the free flow of water.
