WINNIPEG, June 17, 2014 /CNW/ - Investors Group today announced intended changes to the investment objectives of Investors Capital Yield Class and Investors Short Term Capital Yield Class (the "Classes").
The proposed changes to the investment objectives of the Classes will remove reference to the use of certain types of forward sale transactions in response to amendments to the Income Tax Act (Canada) (the "Tax Act") which were introduced by the federal government in 2013. The amendments to the Tax Act eliminated the tax-related benefits associated with these transactions. The investment strategies of the Classes will also be changed to reflect the revised investment objectives.
Investors Group has applied for an exemption from the requirement to obtain shareholder approval to change the investment objectives of the Classes.
A notice will be sent to shareholders of the Classes at least 60 days before these changes become effective. These changes are expected to be effective on or about September 23, 2014.
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 4,800 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 $138 billion in total assets under management as of May 31, 2014.
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SOURCE: Investors Group Inc.
Ron Arnst
Investors Group
(204) 956-3364
[email protected]
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