Investors Group reconsiders mutual fund changes to consider 2017 Federal Budget
Winnipeg, MB – March 24, 2017: Investors Group is not proceeding at this time with proposed product changes including fund mergers and strategy adjustments.
“Recently announced proposals will not proceed until we can review the implications of the 2017 Federal Budget,” said Todd Asman, Executive Vice-President, Products and Financial Planning.
The Federal Budget announcements include a provision to allow for mutual fund corporations to merge into separate unit trusts on a tax-deferred basis. Investors Group is reviewing the proposed product changes in light of the Budget announcement to ensure that the changes occur in a tax efficient manner.
Securityholder meetings scheduled for May 18, 2017, at Investors Group’s head office in Winnipeg will also not proceed.
March 24, 2017