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Meadowbank Legg Mason BW Investment Grade Focus Fund (BWI.UN: TSX)

Meadowbank Asset Management was the Portfolio Manager for the Legg Mason BW Investment Grade Focus Fund. The Fund was designed to provide unitholders with exposure to a portfolio comprised primarily of global investment grade debt securities representing not less than 75% of the total assets of the Portfolio. The Fund aimed to pay monthly distributions equivalent to 5.00% per annum on a subscription price of $10.00 per Unit ($0.0417 per Unit per month or $0.50 per annum). The Portfolio was sub-advised by Brandywine Global Investment Management LLC, a wholly-owned subsidiary of Legg Mason Inc.

In March 2014, Purpose Investments Inc. completed a Transaction and Merger of Legg Mason BW Investment Grade Focus Fund with the Limited Duration Investment Grade Preferred Securities Fund.

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