Exercise your right to vote ― Fixed Administration Fee Proposal
Your vote is important
Thank you for taking time to exercise your voting rights as a unitholder of the Renaissance Investments family of funds, the Axiom Portfolios, and the Renaissance Private Pools.
Please review the proxy related materials provided here before casting your vote. You may exercise your vote:
- By attending the virtual unitholder meetings on July 30, 2021 (details below).
- By using one of the methods below to cast your vote so it is received by 12:59 pm on July 29, 2021:
- signing your proxy form and sending it to AST Fund Solutions, LLC at 1 Toronto Street, 12th Floor, Toronto, ON, M5C 2V6.
- calling 1-800-301-9627 (toll free) and using the 12-digit control number found on your proxy form.
- visiting vote.cibcassetmanagement.com and using the 12-digit control number.
- using a smart device to scan the QR code located on the proxy form.
CIBC Asset Management Inc. (CAM), as manager, announced its intention to introduce a fixed administration fee for the Renaissance Investments family of funds, the Axiom Portfolios and the Renaissance Private Pools. (individually, a "fund" and collectively, the "funds") replacing the current variable operating expenses being charged to these funds (the "Administration Fee Proposal").
If the Administration Fee Proposal is implemented, CAM, as manager, will be responsible for the operating expenses of each fund, other than certain expenses, in exchange for the payment by the fund of a fixed administration fee.
The benefits to unitholders of fixed administration fees include greater predictability and transparency of the management expense ratio (“MER”) of each class of the funds, which will consist of the management fee, the fixed administration fee, certain expenses and applicable taxes. The MER of each class of each fund under the Administration Fee Proposal is also expected to be less than or equal to the class’ most recently published MER. Unitholders will also gain a protection from potential increases in future operating expenses.
Each fund will vote separately on the Administration Fee Proposal, with the exception of certain classes, which will only receive notice of the Administration Fee Proposal, and therefore in each case, will not be entitled to vote.
Holders of record on June 8, 2021 for the following classes of units of the funds are entitled to vote:
|Renaissance Investment family of funds||Class A, Class T4, Class T6, Class T8*, Class H, Class HT4, Class HT6, Premium Class*, H-Premium Class*, Select Class*, Select T4 Class*, Select T6 Class*, Select T8 Class*, Elite Class*, Elite T4 Class*, Elite T6 Class* and Elite T8 Class units*|
|Axiom Portfolios||Class A, Class T4, and Class T6, Class T8*, Select Class*, Select T4 Class*, Select T6 Class*, Elite Class*, Elite T4 Class* and Elite T6 Class* units|
|Renaissance Private Pools||Premium Class, Premium T4 Class, Premium T6 Class, Class H-Premium, Class H-Premium T4, and Class H-Premium T6 units|
*Classes of Units Closed to Purchases as of September 1, 2017
Due to the COVID-19 pandemic and current restrictions placed on public gatherings, unitholders will not be able to attend the meetings physically. Unitholders of the Voting Classes of the funds and duly-appointed proxyholders, regardless of geographic location, will have an equal opportunity to participate at the meetings as they would at a physical meeting. The meetings will be held jointly at 1:00 p.m. Toronto time on Friday, July 30, 2021, with unitholders of the Voting Classes of each fund voting together as a fund.
In order to register for the virtual meetings, unitholders and duly-appointed proxyholders must first email firstname.lastname@example.org to express their intention to attend the meetings by indicating their full name and control number located on the proxy form and include “Renaissance Investments” in the subject line. You may also call 1-800-301-9627 (toll free) to register.
You must register your attendance at least 24 hours in advance of the meetings. Participants will then be sent a link to register for the meetings as well as instructions for voting during the meetings.
You should only vote using one method. The only reason for you to vote again would be to change your previous vote. Please remember that since your voting instructions are processed in the order in which they are received, only your last vote received will count.
You can find the12-digit control number on your proxy form:
AST Fund Solutions, LLC is the proxy solicitation firm providing the voting services for the meetings on the Administration Fee Proposal. Should you have questions please call 1-800-301-9627 (toll free).