Investors Group announces fund mergers
Winnipeg, MB – November 7, 2011: Investors Group today announced proposed changes to its fund offering involving eight fund mergers. Each of the mergers involves funds with similar investment mandates. These proposed mergers are intended to provide more effective management and, in some cases, broader more diversified investment mandates, which in turn, will provide the potential for more stable long-term performance.
Proposed mergers to take effect on or about February 3, 2012
|Merging Fund||Continuing Fund|
|Investors Tactical Asset Allocation Fund||To merge into||Investors Global Dividend Fund|
|Investors Canadian Dividend Growth Fund||To merge into||Investors Canadian Equity Income Fund|
|Investors Summa Global Environmental Leaders Fund||To merge into||Investors Summa Global SRI Fund|
|Investors Summa Global Environmental Leaders Class±||To merge into||Investors Summa Global SRI Class±|
|Investors U.S. Large Cap Growth Fund||To merge into||IG Putnam U.S. Growth Fund*|
|Investors U.S. Large Cap Growth Class±||To merge into||IG Putnam U.S. Growth Class±*|
|Investors Retirement High Growth Portfolio||To merge into||Alto Aggressive Canada Focus Portfolio|
|Investors World Growth Portfolio||To merge into||Alto Aggressive Portfolio|
±This mutual fund is a class of securities issued by Investors Group Corporate Class Inc.TM
All of the mergers have been reviewed by the IG Funds Independent Review Committee (IRC) who has determined that the mergers achieve a fair and reasonable result for the funds.
Securityholders of the Merging Funds, as well as for the two Continuing Class Funds, will be asked to approve the mergers involving their funds at Special Meetings scheduled to be held January 23, 2012, in Winnipeg. Registered owners of these funds as at the record date (December 5, 2011) will receive a Notice of Meeting, Proxy and a Management Information Circular detailing the mergers. Special Meetings of the Investors Summa Global SRI Class and IG Putnam U.S. Growth Class are being convened in accordance with corporate law requirements.
Persons who become registered securityholders of any of these funds after the Record Date may request to receive the meeting materials and vote at the Meeting of their fund by contacting the Manager at least 10 days in advance of the Meeting of their fund. The costs associated with the fund mergers will be borne by Investors Group.
The simplified prospectuses and Fund Facts for each retail series of the Merging Funds (and for Investors Summa Global SRI Class and Investors Canadian Equity Income Fund) are being revised to reflect these changes, subject to regulatory and securityholder approval (as applicable).
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of approximately 4,600 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 other financial 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 $121 billion as of October 31, 2011, 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).
*The IG Putnam U.S. Growth Fund and IG Putnam U.S. Growth Class are new mutual funds for which separate Preliminary Simplified Prospectuses, each dated September 23, 2011, have been filed with the securities regulatory authorities in each of the provinces and territories in Canada. These Simplified Prospectuses have not yet become final for the purpose of a distribution. Information contained in the Simplified Prospectuses for each of IG Putnam U.S. Growth Fund and Class may not be complete and may have to be amended. The units or shares described in the Simplified Prospectus of IG Putnam U.S. Growth Fund and Class (respectively) may not be sold until a receipt for their Simplified Prospectuses are obtained by these mutual funds from the securities regulatory authorities
For more information contact:
Tel: (204) 956-3364