Business News • MarketWire • Matrix and Marquest Conclude Mutual Funds Asset Sale |
Matrix and Marquest Conclude Mutual Funds Asset Sale |
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Matrix and Marquest Conclude Mutual Funds Asset Sale
TORONTO, ONTARIO--(Marketwired - Sept. 17, 2013) - Matrix Asset Management Inc. (TSX:MTA) ("Matrix") and Marquest Asset Management Inc. ("Marquest") are pleased to announce that the previously announced sale by Matrix to Marquest of the portfolio management, custodian and related contracts of the Matrix Group of Mutual Funds (the "Assets") managed by Matrix's registrant subsidiary, GrowthWorks Enterprises Ltd., closed today. The change of managers arising from the sale of the Assets had been previously approved by unitholders and shareholders of the Matrix Group of Mutual Funds on August 27, 2013. Necessary regulatory approvals were received September 13, 2013.
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