TORONTO, Nov. 10, 2017 (GLOBE NEWSWIRE) -- Questrade Russell US Midcap Growth Index ETF Hedged to CAD (TSX:QMG), Questrade Russell US Midcap Value Index ETF Hedged to CAD (TSX:QMV), Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD (TSX:QRT), Questrade Russell 1000 Equal Weight US Health Care Index ETF Hedged to CAD (TSX:QRH), Questrade Russell 1000 Equal Weight US Consumer Discretionary Index ETF Hedged to CAD (TSX:QRD), Questrade Fixed Income Core Plus ETF (TSX:QCP) and Questrade Global Total Equity ETF (“QGE”) (TSX:QGE) (collectively, the “Questrade ETFs”) announce that at a special meeting of the Questrade ETFs held today unitholders of the Questrade ETFs approved a proposal that will result in the mergers set forth below and for QGE the change of trustee and manager to WisdomTree Asset Management Canada, Inc. It is expected that the mergers will become effective on or about November 29, 2017 (the “Effective Date”).
| Merging Funds (managed by Questrade Wealth Management Inc.) | Continuing Funds (managed by WisdomTree Asset Management Canada, Inc.) |
| Questrade Russell US Midcap Growth Index ETF Hedged to CAD Questrade Russell US Midcap Value Index ETF Hedged to CAD | WisdomTree U.S. MidCap Dividend Index ETF |
| Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD Questrade Russell 1000 Equal Weight US Health Care Index ETF Hedged to CAD Questrade Russell 1000 Equal Weight US Consumer Discretionary Index ETF Hedged to CAD | WisdomTree U.S. Quality Dividend Growth Index ETF |
| Questrade Fixed Income Core Plus ETF | WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF |
Affected unitholders will receive a number of units of the applicable Continuing Fund (described above) determined based on an exchange ratio established as of the close of trading on the business day immediately preceding the Effective Date. The exchange ratios will be calculated based on the relative net asset values of the units of the applicable Questrade ETF and the units of the applicable Continuing Fund.
As Questrade Russell 1000 Equal Weight US Industrials Index ETF Hedged to CAD (TSX:QRI) did not obtain the requisite quorum at today’s special meeting, an adjourned meeting will be held on Monday, November 20, 2017 for this fund.
Additional details of the special meetings and the merger proposal are further described in the Information Circular available at www.sedar.com or at www.questrade.com/ETFs.
About Questrade Financial Group Inc.:
Questrade Financial Group Inc. ("QFG") and its affiliated companies provide financial products and services to Canadians including securities, foreign currency, and wealth management. In 2014, Questrade's CEO was named as EY Entrepreneur of the Year (Ontario) in the services category, and since 2011, Questrade has been ranked one of Canada's Best Managed Companies. Questrade Financial Group is headquartered in Toronto.
About Questrade Wealth Management, Inc.:
Questrade Wealth Management Inc. ("QWM") manages and administers the Questrade ETFs and provides professional investment management services through Portfolio IQ. QWM is an investment fund manager and portfolio manager. QWM is a wholly owned subsidiary of QFG.
For more information
Stella Ladizhinsky
Communications
Tel: 416.218.7175