UBS Global Asset Management is proposing to delist the UBS Global Allocation Trust (GAT) from the Toronto Stock Exchange (TSX) and to convert the fund into an open ended, daily redeemable tactical ETF fund of funds.
A special meeting of GAT unitholders will be held on 8 January 2014 to approve the delisting and conversion along with the necessary changes to the fund’s investment guidelines.
Investors that remain in the fund after the conversion will receive exposure to each asset class via an exchange-traded fund.
Unitholders of record on 4 December 2013 will be entitled to receive notice of and vote at the meeting.
Additional details regarding the proposed conversion will be outlined in an information circular that will be sent in December 2013.
