Investors Group Fund Mergers Approved By Securityholders
Winnipeg, MB - June 15, 2007: At meetings held today, securityholders of several Investors Group Funds approved six fund mergers involving funds with identical or substantially similar investment mandates. The mergers will help facilitate more efficient management of the funds, provide better investment diversification opportunities, and, in some instances, result in lower fees.
| Merging Fund | Continuing Fund | |
|---|---|---|
| IG AGF Asian Growth Fund | To merge into | Investors Pacific International Fund |
| IG AGF Asian Growth Class* | To merge into | Investors Pacific International Class* |
| IG Mackenzie Select Managers Canada Fund | To merge into | IG Mackenzie Maxxum Canadian Equity Growth Fund |
| IG Mackenzie Select Managers Canada Class* | To merge into | IG Mackenzie Maxxum Canadian Equity Growth Class* |
| Mackenzie Universal U.S. Growth Leaders Fund (IG Series Units Only) | To merge into | IG Mackenzie Universal U.S. Growth Leaders Class* |
| Mackenzie Universal Global Future Fund (IG Series Units Only) | To merge into | IG Mackenzie Universal Global Future Class* |
These mergers are expected to occur on or about July 20, 2007.
Portfolio Allocation Enhancements
Securityholders of several AltoTM and AllegroTM Portfolios also voted to approve allocation enhancements and revisions to the fee structure of some of their Portfolios. The enhancements include:
- AltoTM Conservative Portfolio – Equity exposure moving from 25 to 30% of portfolio assets
- AltoTM Monthly Income Portfolio – Equity exposure moving from 27 to 33% of portfolio assets
- AllegroTM Conservative Portfolio – Equity exposure moving from 25 to 30% of portfolio assets.
These changes are expected to take effect with the renewals of the prospectuses of the Funds, which is anticipated to take place on or about July 20, 2007.
*These mutual funds are separate classes of shares issued by Investors Group Corporate Class Inc.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 4000 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and banking services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s premier financial services companies with over $126 billion in total assets under management.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The Funds are distributed across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm.)
| For more information contact: | |
|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
Laura Vallis Environics Communications (416) 969-2781 lvallis@environicspr.com |
