TORONTO, April 1, 2014 /CNW/ - Invesco Canada has announced measures to streamline its offering of tax-efficient corporate class mutual funds. Effective April 1, 2014, Invesco Canada Fund Inc. will be amalgamated with Invesco Corporate Class Inc.
Corporate class mutual funds are structured as different classes of shares within a corporation, providing the potential for enhanced tax efficiency. Investors can transfer between different funds within the corporation without triggering a taxable event, and capital gains or losses are not generated until the investment is redeemed from the corporation.
The amalgamation of Invesco Canada's two mutual fund corporations will provide investors with additional tax-deferred switching opportunities, with 37 available mutual funds within the amalgamated corporation. The amalgamated corporation will continue to operate under the Invesco Corporate Class Inc. name.
The merger will not result in a taxable event for investors, nor will there be any impact on the net asset value per share or the number of shares held by each individual investor.
On April 1, 2014, the following funds will cease to be offered within Invesco Canada Fund Inc. and instead be offered within Invesco Corporate Class Inc.:
- Invesco Canadian Premier Growth Class
- Invesco Core Canadian Balanced Class
- Trimark Canadian Class
- Trimark Canadian Opportunity Class
- Trimark Diversified Income Class
To learn more, please visit www.invesco.ca.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's leading investment management companies. A subsidiary of Invesco Ltd., Invesco Canada's singular focus is on investment management, offering a diversified suite of solutions to institutions, organizations, companies and individual investors across Canada and around the world. Additional information is available at www.invesco.ca.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
This piece was produced by Invesco Canada Ltd.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares®, Leading the Intelligent ETF Revolution® and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC (Invesco PowerShares), used under licence. Trimark®, Knowing pays® and all associated trademarks are trademarks of Invesco Canada Ltd.
© Invesco Canada Ltd., 2014
SOURCE: Invesco Canada Ltd.
For further information:
Contact: Aysha Mawani
Vice President, Corporate Affairs