WINNIPEG, June 23 /CNW/ - At a meeting held today, unitholders of Investors Income Trust Fund approved changes to the Fund's investment objective. These changes are expected to provide the Fund with greater ability to diversify its portfolio by reducing its focus on investment in the income trust sector through broader investment in Canadian securities that provide equity income, and in other securities with higher yields.
In conjunction with the change to the Fund's investment objective, the Fund will be re-named Investors Canadian Equity Income Fund, and its distribution policy will change from monthly to quarterly.
These changes will take effect in mid July when the prospectus of the Fund is renewed.
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 approximately 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 $118 billion in total assets under management.
SOURCE Investors Group Inc.
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