MONTREAL, April 4 /CNW Telbec/ - Standard Life Mutual Funds Ltd.
proposes to change the investment objectives of five of its funds:
Standard Life Global Monthly Income Fund, Standard Life Canadian
Dividend Growth Fund, Standard Life Canadian Dividend Growth Class,
Standard Life Dividend Income Fund and Standard Life Canadian Small Cap
The goal of these changes is to provide more flexibility in the daily
management of the funds in order to enhance value for securityholders.
Standard Life Global Monthly Income Fund
Reword the fund's investment objective to focus on long-term capital
growth as well as generating income.
Change the name of the fund to Standard Life Tactical Income Fund.
Standard Life Canadian Dividend Growth Fund
Clarify the fund's investment objective to allow for more flexibility
with regard to investing in non-Canadian securities.
Standard Life Canadian Dividend Growth Class
The fund currently invests up to 100% of its assets in Standard Life
Canadian Dividend Growth Fund.
Change the fund's investment objective for the same reason as the change
proposed for Standard Life Canadian Dividend Growth Fund.
Standard Life Dividend Income Fund
Broaden the fund's investment objective to allow for more flexibility
with regard to investing in fixed-income securities.
Standard Life Canadian Small Cap Fund
Change the fund's investment objective to delete the fixed market
capitalization limits in order to provide the portfolio manager with
more flexibility when investing in small capitalization companies.
Standard Life Mutual Funds Ltd. will seek the approval of
securityholders of record on April 29, 2011 for the proposed investment
objective changes at special meetings to be held around June 10, 2011.
Securityholders will receive a management information circular with
full details of the proposals around May 20, 2011, as required by
securities regulations. If approved, the new investment objectives and
the name change will be effective around June 15, 2011.
About Standard Life
Standard Life plc is a leading long-term savings and investment company
headquartered in Edinburgh, Scotland. Standard Life has around 6
million customers worldwide and operates in the United Kingdom, Europe,
North America and Asia Pacific, and globally with Standard Life
In Canada, Standard Life has been doing business for 178 years. Standard
Life Financial Inc., which wholly owns The Standard Life Assurance
Company of Canada and Standard Life Mutual Funds Ltd., is Standard Life
plc's largest operation outside the UK. With about 2,000 employees, it
provides long-term saving, investment and insurance solutions to more
than 1.4 million Canadians, including group insurance and retirement
As of December 31, 2010, Standard Life plc had $306 billion in assets
under administration, including $39 billion in Canada through Standard
SOURCE STANDARD LIFE
For further information:
Senior Advisor, External Communications and Public Affairs
514-499-7999, ext. 8150 or 1-877-499-9555, ext. 8150