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Mutual Fund News

DDJ U.S.

DDJ U.S. High Yield Fund has sold four million units at $10 each in its initial public offering. CI Mutual Funds Inc., which manages the fund, said the offering was made through a syndicate of agents co-led by RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. The fund granted the agents an option to purchase up to 600,000 units on the same terms.

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