Proactive Money Management Announces Merger Agreement with Catalyst OPTI-flex Fund
Released on: October 3, 2007, 12:50 pm
Press Release Author: Carol Felzien, KolbeCo Marketing Resources
Industry: Financial
Press Release Summary: Proactive underscores the fact that the Catalyst Fund is a fund of funds that utilizes an opportunistic approach by investing in mutual funds in various asset classes, investment styles, market capitalizations, and in funds that leverage or short the markets.
Press Release Body: Proactive Money Management, Inc. in Lake Saint Louis, MO (Proactive) announced its shareholders have approved an $8 million merger under which the ThomasLloyd OPTI-flex® Fund was merged into the Catalyst OPTI-flex® Fund, a newly created series of the Catalyst Funds mutual fund family. Proactive serves as the investment sub-advisor to the OPTI-flex® Fund.
"This is an excellent financial opportunity for our shareholders," said Jeffrey Unterreiner, president of Proactive and portfolio manager of the fund. "Being a part of a multi-fund family provides increased investment options and efficiencies overall," he said. "Proactive's relationship with the Catalyst family of funds will ensure both sides bring key strengths to the table. Catalyst, for example, will be in charge of the administrative functions of the plan with my staff focused on related investment aspects on behalf of our clients."
Unterreriner indicated the Catalyst OPTI-flex® Fund is a fund of funds that utilizes an opportunistic approach by investing in mutual funds in various asset classes, investment styles, market capitalizations, and in funds that leverage or short the markets. "As a result," Unterreiner added, "the Catalyst OPTI-flex® fund is designed to be adequately diversified to serve as the core of an individual's life-time savings."
Catalyst Capital Advisors, LLC (Catalyst), will serve in the capacity of investment advisor to the Catalyst OPTI-flex® Fund with Proactive serving as sub-advisor. Jerry Szilagyi, president of Catalyst, echoed Unterreiner's assessment of the reorganization plan. "My business relationship with Proactive has developed over the course of several years," he said, "and I firmly believe this merger agreement represents the best of both worlds. I've been impressed over time with Proactive's performance potential as a mutual fund manager and think their track record speaks for itself.in fact, it's one of the primary reasons we're implementing the merger. It is our pleasure to be affiliated with the Proactive team."
PROACTIVE Money Management, Inc. provides its clients a better strategy for a better future® by utilizing OPTI-flex® investment strategies. The company's goal is to reduce fluctuation and investment risk while focusing on increased net return, offering a strategy that blends traditional and modern investment processes. For more information, call Proactive at 636-561-0100 or visit online at www.proactive-inc.com.
Investing in the fund carries certain risks. Management fees for funds of funds are typically higher than those of traditional investment funds because they include part of the management fee charged by the underlying funds. An investor's shares when redeemed may be worth more or less than their original cost. Past performance does not guarantee future results. Please consider the fund's investment objectives, risks, charges and expenses carefully. The prospectus containing this and other important information may be obtained at www.catalystmutualfunds.com or by calling 1-866-447-4228. Please read the prospectus carefully before you invest or send money. Matrix Capital Group, New York distributes the fund.
2022
