Securityholders approve fixed administration fee and new Master Declaration of Trust for Investors Group funds
Winnipeg – September 28, 2007: Investors Group today announced that the proposal to establish a fixed administration fee for Investors Group Funds* that will replace certain fund operating expenses was approved at meetings held this morning. The fixed administration fee will take effect on October 1, 2007.
In addition, at meetings held today, securityholders of all mutual funds for which I.G. Investment Management, Ltd., is the trustee (with the exception of Investors Real Property Fund and the Pools under the iProfile, Managed Asset ProgramTM which will continue to be governed by their own unique Trust Declarations), approved the adoption of a Master Declaration of Trust for their funds which will simplify and make more consistent their future administration.
*The iProfileTM Pools offered through the iProfile, Managed Asset Program, and most non-retail funds and series are excluded from the fixed administration fee proposal.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 4,100 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 $123 billion in total assets under management.
| Media Contact: | ||
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| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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