Toronto, June 26, 2020 – Encasa Financial Inc. (“Encasa”), the manager of the Encasa Funds (formerly, the Social Housing Investment Funds), announced that it has received approval at a special meeting of unitholders of the Encasa Canadian Equity Fund (formerly the Social Housing Canadian Equity Fund) (the “Fund”) which was held on June 25, 2020 to implement a change to the investment objective of the Fund. The change to the investment objective of the Fund will take effect on or about July 1, 2020.
The approved change is described below and additional information can be found in the management information circular of the Fund dated June 3, 2020 which is available online at www.sedar.com and www.encasa.ca.
Change to the Investment Objective of the Fund
The following chart summarizes the approved change of investment objective:
| Prior Investment Objective | Approved Investment Objective | |
|---|---|---|
| Encasa Canadian Equity Fund (formerly the Social Housing Canadian Equity Fund) | The investment objective of the Fund is to seek long-term capital growth by investing primarily in a diversified portfolio consisting of equity securities of companies located in Canada. | The investment objective of the Fund is to seek long-term capital growth by investing in a diversified portfolio consisting of equity securities of companies primarily located outside of Canada. |
Other Changes
Encasa also announced that effective as of the same date as the change to the investment objective, the Fund will also change its name from the “Encasa Canadian Equity Fund” to “Encasa Equity Fund” and will change its investment strategy to reflect the change in its investment objective.
About Encasa Financial Inc.
Encasa Financial is a social purpose investment fund manager with a long-standing commitment to Responsible Investing. Encasa provides investors with access to professional money management and expert advice from individuals who hold deep-rooted expertise in the non-profit and investment industries. We successfully manage the investment of capital reserves, security deposits, member share capital and operating reserves of social purpose non-profit organizations, co-operatives, and affordable housing providers.
Owned by four of the leading housing organizations across Canada (Housing Services Corporation, Cooperative Housing Federation of Canada, BC Non-Profit Housing Association and Co-operative Housing Federation of British Columbia), Encasa provides customized, low-cost responsible investment solutions.
For further information, contact Samar Abdourahman, Manager, Marketing and Communications at sabdourahman@encasa.ca, (416) 488-3077, ext. 319.