Notice of Reliance on Exemptive Relief and Extension of Lapse Date for Prospectus Renewal Due to COVID-19 Disruptions

Renewing a fund’s prospectus is an annual requirement. As explained in greater detail below, the renewed prospectus for any of the funds listed in Exhibit “A” will be made available in mid-September, with a renewal date of August 28, 2020 (instead of June 30, 2020).

You can access these and other IG Wealth Management fund prospectuses on our website at ig.ca/en/investments/solutions.

The IG Wealth Management Funds listed in the attached Exhibit “A”, relying on Order No. 7515 of the Manitoba Securities Commission dated April 15, 2020 (the “Order”), will delay certain filings and deliveries required by securities regulatory rules for up to an additional 60 days due to the disruptions caused by COVID-19.

Securities rules require an investment fund to file and obtain a receipt for a new prospectus, in accordance with certain timelines, in order to continue distribution of the investment fund’s securities for a further 12 months after the lapse date of the fund’s current prospectus. The original lapse date of the Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” was June 30, 2020.

The IG Wealth Management Funds will also rely on the Order to delay the filings of annual financial statements and audit’s report, annual management reports on fund performance and certain other filings, as described in more detail below.

All of the funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:

(a) section 2.2 of National Instrument 81-106 - Investment Fund Continuous Disclosure (“NI 81-106”), which requires that annual financial statements and an auditor’s report be filed on or before the 90th day after the investment fund’s most recently completed financial year;

(b) section 4.2 of NI 81-106, which requires an investment fund, other than a scholarship plan, to file an annual management report of fund performance for each financial year at the same time that it files its annual financial statements for that financial period;

(c) section 5.1(2) of NI 81-106, which requires an investment fund to deliver to a securityholder its annual financial statements and the related management report on fund performance concurrently with the filing deadline set out in Part 2 of NI 81-106;

(d) section 5.4 of NI 81-106, which requires an investment fund to send a copy of the document listed in subsection 5.1(2) of NI 81-106 requested by a securityholder by the later of the filing deadline of the requested document and 10 calendar days after the request;

(e) section 4.4 of National Instrument 81-107 - Independent Review Committee for Investment Funds, which requires an independent review committee to prepare, for each financial year of an investment fund and no later than the date the investment fund files its annual financial statements, a report to securityholders of the investment fund that describes the independent review committee and its activities for the financial year; and

(f) section 6.2 of NI 81-107, which requires an investment fund to file, by no later than the time of its annual financial statements, with the securities regulatory authority, the particulars of an investment in securities of a related issuer.

The Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:

(g) the provisions of National Instrument 81-101 - Mutual Fund Prospectus Disclosure and the securities legislation of Manitoba, which outline the prospectus renewal requirements and lapse dates for a simplified prospectus.

The Non-Retail Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:

(h) section 9.3 of NI 81-106, which requires an investment fund to file an annual information form on or before 90 days after the most recently completed financial year.

Renewing a fund’s prospectus is an annual requirement. As explained in greater detail below, the renewed prospectus for any of the funds listed in Exhibit “A” will be made available in mid-September, with a renewal date of August 28, 2020 (instead of June 30, 2020).

You can access these and other IG Wealth Management fund prospectuses on our website at ig.ca/en/investments/solutions.

The IG Wealth Management Funds listed in the attached Exhibit “A”, relying on Order No. 7515 of the Manitoba Securities Commission dated April 15, 2020 (the “Order”), will delay certain filings and deliveries required by securities regulatory rules for up to an additional 60 days due to the disruptions caused by COVID-19.

Securities rules require an investment fund to file and obtain a receipt for a new prospectus, in accordance with certain timelines, in order to continue distribution of the investment fund’s securities for a further 12 months after the lapse date of the fund’s current prospectus. The original lapse date of the Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” was June 30, 2020.

The IG Wealth Management Funds will also rely on the Order to delay the filings of annual financial statements and audit’s report, annual management reports on fund performance and certain other filings, as described in more detail below.

All of the funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:

(a) section 2.2 of National Instrument 81-106 - Investment Fund Continuous Disclosure (“NI 81-106”), which requires that annual financial statements and an auditor’s report be filed on or before the 90th day after the investment fund’s most recently completed financial year;

(b) section 4.2 of NI 81-106, which requires an investment fund, other than a scholarship plan, to file an annual management report of fund performance for each financial year at the same time that it files its annual financial statements for that financial period;

(c) section 5.1(2) of NI 81-106, which requires an investment fund to deliver to a securityholder its annual financial statements and the related management report on fund performance concurrently with the filing deadline set out in Part 2 of NI 81-106;

(d) section 5.4 of NI 81-106, which requires an investment fund to send a copy of the document listed in subsection 5.1(2) of NI 81-106 requested by a securityholder by the later of the filing deadline of the requested document and 10 calendar days after the request;

(e) section 4.4 of National Instrument 81-107 - Independent Review Committee for Investment Funds, which requires an independent review committee to prepare, for each financial year of an investment fund and no later than the date the investment fund files its annual financial statements, a report to securityholders of the investment fund that describes the independent review committee and its activities for the financial year; and

(f) section 6.2 of NI 81-107, which requires an investment fund to file, by no later than the time of its annual financial statements, with the securities regulatory authority, the particulars of an investment in securities of a related issuer.

The Retail Unit Trust Funds, the iProfile Funds and the Corporate Class Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:

(g) the provisions of National Instrument 81-101 - Mutual Fund Prospectus Disclosure and the securities legislation of Manitoba, which outline the prospectus renewal requirements and lapse dates for a simplified prospectus.

The Non-Retail Funds listed in Exhibit “A” will rely on the Order to delay the filings and deliveries required by the regulatory provisions noted below:

(h) section 9.3 of NI 81-106, which requires an investment fund to file an annual information form on or before 90 days after the most recently completed financial year.

Exhibit “A”

RETAIL UNIT TRUST FUNDS

  1. IG Beutel Goodman Canadian Balanced Fund
  2. IG Beutel Goodman Canadian Equity Fund
  3. IG Beutel Goodman Canadian Small Cap Fund
  4. IG BlackRock International Equity Fund
  5. IG CI Canadian Balanced Fund
  6. IG Core Portfolio – Balanced
  7. IG Core Portfolio – Balanced Growth
  8. IG Core Portfolio – Global Income
  9. IG Core Portfolio – Growth
  10. IG Core Portfolio – Income
  11. IG Core Portfolio – Income Balanced
  12. IG Core Portfolio – Income Focus
  13. IG FI Canadian Equity Fund
  14. IG Franklin Bissett Canadian Equity Fund
  15. IG Irish Life Low Volatility Global Equity Fund
  16. IG JPMorgan Emerging Markets Fund
  17. IG Mackenzie Canadian Corporate Bond Fund
  18. IG Mackenzie Canadian Equity Income Fund
  19. IG Mackenzie Canadian High Yield Income Fund
  20. IG Mackenzie Canadian Money Market Fund
  21. IG Mackenzie Canadian Small/Mid Cap Fund
  22. IG Mackenzie Canadian Small/Mid Cap Fund II (formerly IG Fiera Canadian Small Cap Fund)
  23. IG Mackenzie Core U.S. Equity Fund
  24. IG Mackenzie Dividend Fund
  25. IG Mackenzie Dividend Growth Fund
  26. IG Mackenzie European Equity Fund
  27. IG Mackenzie European Mid-Cap Equity Fund
  28. IG Mackenzie Floating Rate Income Fund
  29. IG Mackenzie Global Bond Fund
  30. IG Mackenzie Global Dividend Fund
  31. IG Mackenzie Global Financial Services Fund
  32. IG Mackenzie Global Fund
  33. IG Mackenzie Global Fund II (formerly IG AGF Global Equity Fund)
  34. IG Mackenzie Global Natural Resources Fund
  35. IG Mackenzie Global Science & Technology Fund
  36. IG Mackenzie Income Fund
  37. IG Mackenzie International Small Cap Fund
  38. IG Mackenzie Ivy European Fund
  39. IG Mackenzie Low Volatility Canadian Equity Fund
  40. IG Mackenzie Mortgage and Short Term Income Fund
  41. IG Mackenzie Mutual of Canada
  42. IG Mackenzie North American Equity Fund
  43. IG Mackenzie Pacific International Fund
  44. IG Mackenzie Pan Asian Equity Fund
  45. IG Mackenzie Quebec Enterprise Fund
  46. IG Mackenzie Strategic Income Fund
  47. IG Mackenzie Summa SRI Fund
  48. IG Mackenzie U.S. Dividend Registered Fund
  49. IG Mackenzie U.S. Money Market Fund
  50. IG Mackenzie U.S. Opportunities Fund
  51. IG Managed Payout Portfolio
  52. IG Managed Payout Portfolio with Enhanced Growth
  53. IG Managed Payout Portfolio with Growth
  54. IG Managed Risk Portfolio – Balanced
  55. IG Managed Risk Portfolio – Growth Focus
  56. IG Managed Risk Portfolio – Income Balanced
  57. IG Managed Risk Portfolio – Income Focus
  58. IG PIMCO Global Bond Fund
  59. IG Putnam U.S. Growth Fund
  60. IG Putnam U.S. Growth Fund II (formerly IG AGF U.S. Growth Fund)
  61. IG Putnam U.S. High Yield Income Fund
  62. IG T. Rowe Price U.S. Large Cap Equity Fund
  63. Investors Cornerstone Portfolio
  64. Investors Growth Plus Portfolio
  65. Investors Growth Portfolio
  66. Investors Income Plus Portfolio
  67. Investors Real Property Fund
  68. Investors Retirement Growth Portfolio
  69. Investors Retirement Plus Portfolio

iPROFILE FUNDS

  1. iProfile™ Canadian Equity Private Class* 
  2. iProfile™ Canadian Equity Private Pool 
  3. iProfile™ Emerging Markets Private Class*
  4. iProfile™ Emerging Markets Private Pool 
  5. iProfile™ Fixed Income Private Pool 
  6. iProfile™ International Equity Private Class *
  7. iProfile™ International Equity Private Pool 
  8. iProfile™ U.S. Equity Private Class *
  9. iProfile™ U.S. Equity Private Pool

* Corporate Class Fund

CORPORATE CLASS FUNDS

  1. IG Aristotle U.S. Small Cap Class  
  2. IG Beutel Goodman Canadian Equity Class 
  3. IG Core Portfolio Class - Balanced 
  4. IG Core Portfolio Class - Balanced Growth 
  5. IG Core Portfolio Class - Balanced Growth II 
  6. IG Core Portfolio Class - Growth 
  7. IG Core Portfolio Class - Growth II 
  8. IG Core Portfolio Class - Income Balanced 
  9. IG FI Canadian Equity Class 
  10. IG Franklin Bissett Canadian Equity Class 
  11. IG Franklin Bissett Canadian Equity Class II
  12. IG Irish Life Low Volatility Global Equity Class 
  13. IG JPMorgan Emerging Markets Class 
  14. IG Mackenzie Canadian Money Market Class
  15. IG Mackenzie Canadian Small/Mid Cap Class
  16. IG Mackenzie Canadian Small/Mid Cap Class II
  17. IG Mackenzie Canadian Small/Mid Cap Class III (formerly IG Fiera Canadian Small Cap Class)
  18. IG Mackenzie Core U.S. Equity Class
  19. IG Mackenzie Core U.S. Equity Class II 
  20. IG Mackenzie Core U.S. Equity Class III 
  21. IG Mackenzie Dividend Class  
  22. IG Mackenzie European Equity Class  
  23. IG Mackenzie European Mid-Cap Equity Class 
  24. IG Mackenzie Global Class  
  25. IG Mackenzie Global Class II 
  26. IG Mackenzie Global Class III (formerly IG AGF Global Equity Class)
  27. IG Mackenzie Global Consumer Companies Class 
  28. IG Mackenzie Global Financial Services Class  
  29. IG Mackenzie Global Health Care Class  
  30. IG Mackenzie Global Infrastructure Class 
  31. IG Mackenzie Global Natural Resource Class  
  32. IG Mackenzie Global Precious Metals Class 
  33. IG Mackenzie Global Science & Technology Class 
  34. IG Mackenzie International Small Cap Class  
  35. IG Mackenzie Ivy European Class 
  36. IG Mackenzie Ivy European Class II 
  37. IG Mackenzie Ivy European Class III 
  38. IG Mackenzie Ivy Foreign Equity Class 
  39. IG Mackenzie Low Volatility Canadian Equity Class  
  40. IG Mackenzie North American Equity Class  
  41. IG Mackenzie North American Equity Class II 
  42. IG Mackenzie North American Equity Class III 
  43. IG Mackenzie North American Equity Class IV  
  44. IG Mackenzie North American Equity Class V  
  45. IG Mackenzie Pacific International Class  
  46. IG Mackenzie Pan Asian Equity Class  
  47. IG Mackenzie Pan Asian Equity Class II  
  48. IG Mackenzie Quebec Enterprise Class  
  49. IG Mackenzie Summa SRI Class
  50. IG Mackenzie U.S. Opportunities Class 
  51. IG Managed Risk Portfolio Class - Balanced 
  52. IG Managed Risk Portfolio Class - Growth Focus
  53. IG Managed Risk Portfolio Class - Income Balanced 
  54. IG Putnam U.S. Growth Class 
  55. IG Putnam U.S. Growth Class II (formerly IG AGF U.S. Growth Class)
  56. IG T. Rowe Price U.S. Large Cap Equity Class  

NON-RETAIL FUNDS

  1. Aristotle – IG U.S. Small Cap Equity Pool
  2. BlackRock – IG Active Allocation Pool I
  3. BlackRock – IG Active Allocation Pool II
  4. BlackRock – IG Active Allocation Pool III
  5. BlackRock – IG International Equity Pool
  6. China AMC – IG China Equity Pool
  7. Fidelity – IG Canadian Equity Pool
  8. Irish Life – IG Low Volatility Global Equity Pool
  9. JPMorgan – IG Emerging Markets Pool
  10. Mackenzie – IG Canadian Bond Pool
  11. Mackenzie – IG Canadian Equity Pool
  12. Mackenzie – IG Equity Pool
  13. Mackenzie – IG Global Inflation-Linked Pool
  14. Mackenzie – IG Income Pool
  15. Mackenzie – IG International Equity Pool
  16. Mackenzie – IG Low Volatility Canadian Equity Pool
  17. Mackenzie – IG Low Volatility Emerging Markets Equity Pool
  18. Mackenzie – IG Low Volatility U.S. Equity Pool
  19. Mackenzie – IG U.S. Equity Pool
  20. PIMCO – IG Global Bond Pool
  21. Putnam – IG High Yield Income Pool
  22. Rowe Price – IG U.S. Equity Pool