DES MOINES, IA, June 17 /CNW/ - Principal Funds, Inc. has applied to Canadian securities regulatory authorities in British Columbia, Alberta, Saskatchewan and Nova Scotia for permission that two mutual funds it offers, Diversified International Fund and Large Cap Growth Fund, each be deemed to cease being a reporting issuer in those jurisdictions. If such permission is granted, neither Fund will be a reporting issuer in any jurisdiction in Canada.
If released from its obligations as a reporting issuer in Canada, each Fund will continue to publish and file its continuous disclosure documents, including its annual financial statements, in accordance with applicable laws and regulations in the United States, including rules of the Securities Exchange Commission. Such disclosure documents will be available through the EDGAR system at www.edgar.com.
Holders of the Funds' securities who are residents in Canada will continue to receive copies of continuous disclosure documents that are required to be delivered to security holders in the United States in the same manner and at the same time as is required under applicable laws and regulations in the United States, including rules of the Securities Exchange Commission.
About Principal Funds
Principal Funds is a leading provider of mutual funds, with $58.9 billion in assets under management (as of March 31, 2010; includes all share classes of Principal Funds, Inc. and Principal Variable Contracts Fund, Inc.). Principal Funds brings expertise in global investment management, asset allocation and retirement leadership to financial professionals and investors. Including its target-risk and target-date offerings, Principal Funds is the fifth largest manager of lifecycle funds in the industry (according to the FRC Mutual Fund Lifecycle Report 1Q 2010). The companies that make up Principal Funds are members of the Principal Financial Group. For more information, visit www.principalfunds.com.
About the Principal Financial Group
The Principal Financial Group is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $293.4 billion in assets under management (as of March 31, 2010) and serves some 18.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. For more information, visit www.principal.com.
SOURCE PRINCIPAL FUNDS, INC.
For further information: For further information: Jaime Naig, the Principal Financial Group, 515-247-0798, firstname.lastname@example.org