Canada Life Investment Management Ltd. announces results of special meetings on fund merger and investment objective changes

LONDON, ON, Oct. 30, 2026 /CNW/ -- Canada Life Investment Management Ltd. today announced the results of special meetings held on October 30, 2026, where investors approved a fund merger and certain investment objective changes, previously announced on September 9, 2026.

Merger approved by investors

The following fund merger was approved:

Terminating Fund	Continuing Fund
Counsel U.S. Growth Equity	Counsel U.S. Growth

The merger is expected to be effective on or about November 13, 2026.

Investment objective changes approved by investors

The following investment objective changes were approved:

Counsel Short Term Bond

Effective on or about November 20, 2026, the fund's investment objective will change from investing primarily in Canadian fixed income securities to investing in fixed income securities of issuers anywhere in the world. Additionally, the investment strategy will change to focus on global bonds that are divided ("laddered") into groupings with staggered maturity dates, and the fund will be renamed Counsel Laddered Bond.

Counsel Monthly Income Portfolio

Effective on or about November 20, 2026, the fund's investment objective will change from investing primarily in Canadian and U.S. fixed income securities to investing in a combination of equity and fixed income securities of issuers anywhere in the world and will seek to achieve a moderate level of income while preserving investment capital and liquidity. Along with this change, the investment strategies will be updated to reflect an asset mix of 40%-60% equity securities and 40%-60% fixed income securities. The previous asset mix was 45%-65% equity securities and 35%-55% fixed income securities.

Canada Life Diversified Fixed Income Portfolio

Effective on or about November 23, 2026, the fund's investment objective will change from investing in Canadian fixed income securities to investing in a diversified portfolio of global fixed income securities. Along with this change, the fund will be renamed Canada Life Diversified Fixed Income Pool, the risk rating will increase from low to low-to-medium, PIMCO Canada Corp. will assume sub-advisory responsibility of the fund and the investment strategies will be updated to reflect the new sub-advisor's approach to global fixed income investing.

Counsel Global Real Estate

Effective on or about January 25, 2027, the fund's investment objective will change from investing primarily in real estate securities to investing in a broader and more diversified portfolio of real assets and will seek to provide long-term capital growth and maximize real returns during inflationary environments. Along with this change, the fund will be renamed Counsel Diversified Real Assets, the sub-advisor will change to Cohen & Steers Capital Management, Inc., the investment strategies will be updated to reflect the new sub-advisor's approach to investing across real assets, and the fund's risk rating will decrease from medium to low-to-medium.

Canada Life Foreign Equity Fund

Effective on or about January 25, 2027, the fund's investment objective will change to remove the emerging markets restriction and protection of capital. Along with this change, the fund's risk rating will increase from low-to-medium to medium.

About Canada Life Investment Management Ltd.
Canada Life Investment Management Ltd. is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

About Canada Life
Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical, and mental well-being of Canadians. For over 175 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we've made. We proudly serve more than 14 million customer relationships from coast to coast. Canada Life is a subsidiary of Great-West Lifeco Inc. and a member of the Power Corporation of Canada group of companies. Visit canadalife.com to learn more.

Canada Life Mutual Funds and Counsel Portfolios are managed by Canada Life Investment Management Ltd. They are distributed by IPC Wealth Inc. and IPC Securities Corporation and may also be available through other authorised dealers in Canada.

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.

Canada Life Investment Management and design, and Canada Life and design, are trademarks of The Canada Life Assurance Company.

SOURCE Canada Life Investment Management Ltd. (CLIML)

For more information contact: Colin Roy, Manager, Media Relations, Canada Life, 204-946-7380, [email protected]