by Scott Ronalds

Steadyhand clients recently had the opportunity to vote on two important proposals regarding our partnership with Purpose Unlimited, as part of the regulatory process. The proposals were discussed and voted on during a virtual unitholder meeting held on May 9.

We’re pleased to report that over 90% of the fund units that participated in the vote were in favour of the proposals. This strong endorsement is a testament to the confidence our clients have in the future of Steadyhand and Purpose. Moreover, a meaningful number of unitholders showed their support for our partnership by voting in advance of the meeting. Typically, these types of events see low participation and engagement, so we were delighted to see healthy involvement and greatly appreciate your support.

While this was an important step, the transaction is not yet finalized. We are awaiting final approval from industry regulators, which is expected to take a few more weeks.

As a reminder, you can visit our dedicated webpage on the partnership to learn more about how it stands to benefit you and to see the voting results in greater detail.