Invesco streamlines and simplifies its mutual fund suite

TORONTO, May 25, 2017 /CNW/ - Invesco Canada ("Invesco") today announced modifications to its lineup of mutual funds. Invesco regularly conducts reviews of its products to ensure they continue to meet the evolving needs of advisors and investors.

Proposed fund merger
Invesco proposes to merge Invesco Emerging Markets Debt Fund (the "Terminating Fund") into Invesco Global Bond Fund, effective the close of business on July 28, 2017. The merger requires approval of unitholders of the Terminating Fund (other than Series D and Series PTFU, which will be terminated immediately prior to the merger), and unitholders will be asked to vote at a special meeting to be held in Toronto on July 24, 2017. Further details will be provided to investors in a proxy package that will be mailed in June and in a management information circular that will be available online. The Invesco Canada Funds' Independent Review Committee has reviewed this proposed merger with respect to conflict-of-interest matters and has determined that the merger achieves a fair and reasonable result for investors.

Series terminations
In addition to Series D and Series PTFU of the Terminating Fund, Invesco will terminate the following series (together, the "Terminating Series") on the close of business on July 28, 2017:

  • Invesco Core Canadian Balanced Class, Series T8
  • Invesco Global Real Estate Fund, Series T8
  • Invesco Intactive Growth Portfolio, Series T8
  • Invesco Intactive Growth Portfolio Class, Series T8
  • Invesco Intactive Maximum Growth Portfolio, Series T8
  • Invesco Intactive Maximum Growth Portfolio Class, Series T8
  • Invesco Select Canadian Equity Fund, Series T8 and Series T6
  • Trimark Canadian Class, Series T8 and Series T6
  • Trimark Select Balanced Fund, Series T8

Effective immediately, the Terminating Series are closed to new investors. Only investors that hold such securities may continue to purchase them in an account that already holds such securities.

For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook or through the Invesco Canada blog.

About Invesco Ltd.
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

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 Invesco Canada Ltd.

Invesco is a registered business name of Invesco Canada Ltd. Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. Trimark® and all associated trademarks are trademarks of Invesco Canada Ltd.

© Invesco Canada Ltd., 2017

SOURCE Invesco Canada Ltd.

For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, aysha.mawani@invesco.com

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