Investors Group enhances Equity and Income Fund offerings

Two equity mandates added; Investors Income Trust Fund objective adjusted

WINNIPEG, April 28 /CNW/ - Investors Group has announced the launch of two new equity mandates sub-advised by Fidelity Investments Canada ULC, through its affiliate Pyramis Global Advisors, LLC, IG FI U.S. Large Cap Equity Fund and Class* and IG FI International Equity Fund and Class*, as well as a proposal to change the investment objective for Investors Income Trust Fund.

The two new equity mandates will focus on providing opportunities for long-term capital appreciation. IG FI U.S. Large Cap Equity Fund and Class will invest primarily in equity securities of U.S. companies while IG FI International Equity Fund and Class will invest primarily in equity securities of companies located outside Canada and the U.S. These new offerings are expected to be available for investments this summer, subject to regulatory approvals.

"These new Funds provide clients with additional opportunities to diversify their portfolios and benefit from the vast investment potential that exists outside Canada," said John Wiltshire, Investors Group Senior Vice-President, Product and Financial Planning. "This provides our clients with greater access to Pyramis Global Advisors, an acknowledged leader in global investment management."

In addition, Investors Group has announced that a meeting of unitholders of Investors Income Trust Fund will be convened on June 23, 2010 to approve changes to the Fund's investment objective. These changes are expected to provide the Fund with greater ability to diversify its portfolio by reducing the focus on investment in the income trust sector and by permitting broader investment in Canadian securities that provide equity income and other securities with higher yields.

"We expect this change will align well with the changes the federal government announced to the taxation of the income trust sector, as the Fund's focus will broaden from investment in the income trust sector to include more securities that provide equity income such as common and preferred shares of Canadian companies, and other securities that have a strong track record of generating a high yield." Wiltshire said.

Unitholders of record (as of May 7, 2010(xx)) will receive a Notice of Meeting, Proxy and Management Information Circular describing the changes. Once the proposed changes are approved, it is expected that the Fund will be re-named as Investors Canadian Equity Income Fund.

* The Investors Group Corporate Class(TM) mutual funds are shares issued by Investors Group Corporate Class Inc.

(xx) If you acquire units in the Investors Income Trust Fund or in an Investors Monthly Income Portfolio that invests in the Fund after the record date, you may ask to receive the Meeting Materials provided that you establish proper ownership of the units of the Fund or Monthly Income Portfolio (as applicable) and request, at least 10 days before the Meeting, to be included in the list of unitholders of the Fund or Monthly Income Portfolio for purposes of the Meeting. More information about these changes may be found in the Management Information Circular, a copy of which may be obtained by contacting an Investors Group Consultant. These documents are also available at www.sedar.com.

Preliminary simplified prospectuses relating to the new funds have been filed (or are in the process of being filed) with certain Canadian securities commissions or similar authorities. You cannot buy units/shares (as applicable) of the new funds until the relevant securities commissions or similar authorities issue receipts for the respective simplified prospectus of each fund. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The 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.)

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 4,600 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and other financial services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $123 billion in total assets under management.

(TM) Trademarks owned by IGM Financial Inc. and licensed for use by its affiliated corporations.

SOURCE Investors Group Inc.

For further information: For further information: Media contact: Ron Arnst, Media Relations, (204) 956-3364, ron.arnst@investorsgroup.com

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