Proposes change to the investment objectives of AIM Global Growth Class
TORONTO, April 14 /CNW/ - AIM Trimark Investments is making enhancements
to its Core Bundles to provide greater choice and flexibility for advisors and
their clients.
Effective April 24, both Lower Load 4 (LL4), an industry-first purchase
option launched by AIM Trimark in 2006, and standard DSC purchase options will
become available on the Core Bundles line-up of funds. These purchase options
are being made available to provide advisors with greater choice and the
flexibility to switch their clients between the Core Bundles and other AIM
Trimark funds. The existing DSC purchase option will be soft-capped to new
investors. In addition, the 10% free DSC redemption amount will now be offered
to existing and new investors in Core Bundles to help them meet short-term
cash flow needs without incurring redemption fees. The initial investment
minimum will be reduced to $500 from $5,000, which will provide advisors and
investors with easier access to the Core Bundles line-up of funds.
"These enhancements are being made as a result of advisor feedback," says
John Ciampaglia, AIM Trimark's Vice President of Product Development. "In
addition to further aligning and simplifying our business rules, the ability
to switch to and from other AIM Trimark funds will now be easier for advisors
and their clients."
AIM Global Growth Class
AIM Trimark also announced that it is proposing to change the investment
objectives of AIM Global Growth Class. The Fund will maintain its current
portfolio management team - led by Austin-based Matthew Dennis - which assumed
portfolio management responsibilities on October 15, 2007. However, the
language used to describe the investment objectives will be altered to better
articulate the team's approach to providing long-term capital growth by
investing primarily in global equities rather than specifying the industry
sectors in which the Fund will invest. AIM Trimark's independent Fund Advisory
Board has reviewed this proposal and they believe the change, which is subject
to investor approval, is in the best interests of investors.
The details of this proposal will be provided to investors in an
information circular and proxy package that will be mailed in mid-June 2008.
Pending investor approval at the Annual and Special meetings of Shareholders,
scheduled to take place on July 29, 2008 in Toronto, these proposed changes
will take effect at the open of business on August 11, 2008.
Commissions, trailing commissions, management fees and expenses may all
be associated with mutual fund investments. Mutual funds are not guaranteed,
their values change frequently and past performance may not be repeated.
Please read the simplified prospectus before investing. Copies are available
from your advisor or from AIM Trimark Investments.
AIM Trimark Investments is one of Canada's largest investment management
companies, with approximately C$41 billion(*) in assets under management. A
subsidiary of Invesco Ltd., which is among the world's largest independent
global investment managers, AIM Trimark offers a diversified suite of
investment solutions to institutions, organizations, companies and individual
investors across Canada and around the world. Invesco Ltd. has approximately
US$475 billion(*) in assets under management and is listed on the New York Stock
Exchange with the symbol "IVZ." Invesco Ltd. has over 5,300 employees and
operates in 20 countries worldwide.
(*) As at February 29, 2008
For further information: Aysha Mawani, Vice President, Public Relations,
Tel: (416) 324-7712, aysha.mawani@aimtrimark.com