WINNIPEG, Nov. 14, 2016 /CNW/ - Investors Group announced today the addition of a no-load series to the Investors Real Property Fund (the "Fund"). The new series follows Investors Group's announcement to discontinue the deferred sales charge (DSC) series for its mutual funds effective after December 31, 2016.
The new no-load series being added to the Fund are Series B and JNL as well as the creation of a no-load purchase option for Series C. Pricing for the Fund's no-load series will be aligned with existing pricing in effect for the Fund's DSC series.
The Fund is designed for long-term investors as investments in real property are not as liquid as some other types of securities. To protect the Fund's unitholders, the Fund may charge a liquidity fee of up to 2% of the net asset value of no-load purchase option series1 units redeemed from the Fund if the redemption occurs less than 18 months (548 days) from the date the units were acquired2.
These changes are expected to take effect on or about January 16, 2017, subject to regulatory approval.
This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus of the mutual funds before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. These funds are distributed across Canada by Investors Group Financial Services Inc., (in Quebec, a financial services firm) and Investors Group Securities Inc. (in Quebec, a firm in financial planning).
IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $139 billion in total assets under management as of October 31, 2016. Its activities are carried out principally through Investors Group, Mackenzie Financial Corporation and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.
1 Series B, JNL, U, no-load purchase option of Series C.
2 The liquidity fee will not apply to Series B, JNL, C or U units in the Fund redeemed in connection with the death of the unitholder; or acquired by way of reinvestment of distributions or service fee refund; or acquired by way of government grant within an RESP; or units held within Series U acquired through a switch from an Investors Group fund under the DSC purchase option; or units redeemed as a systematic withdrawal; or units redeemed for payment of fees; or units redeemed as a grant within an Investors Group Charitable Giving Program account.
SOURCE Investors Group Inc.
For further information: Ron Arnst, Investors Group, (204) 956-3364, firstname.lastname@example.org