Investors Group announces proposed change of investment mandate for two Capital Yield Classes

    WINNIPEG, June 23 /CNW/ - Investors Group has announced proposed changes
to the investment mandates for Investors Short Term Capital Yield Class(*) and
Investors Capital Yield Class(*).
    The proposed change will broaden the mandates to enhance the ability of
each Class to generate an investment return for shareholders similar to a
Canadian fixed income fund by removing the requirement that they invest
primarily in equities and forward contracts. This change is intended to ensure
that each Class is more stable and less susceptible to disruptions in the
equity, credit and interest rate markets.
    These changes require securityholder approval. Securityholders of record
(as of June 26, 2009(xx)) holding shares of Investors Short Term Capital Yield
Class and/or Investors Capital Yield Class will receive a Notice of Meeting,
Proxy Form and Management Information Circular detailing the changes.
Securityholder meetings are scheduled for August 13, 2009. If approved, these
changes are expected to occur on or about September 1, 2009.

    (*)    This mutual fund is a separate class of shares issued by Investors
           Group Corporate Class Inc.

    (xx)   If you acquire shares after June 26, 2009 in either of these
           Classes, you may be entitled to vote, provided you establish
           proper ownership of shares of that Class and request, at least 10
           days before your Class' meeting, to be included in the list of
           securityholders of that Class for purposes of voting at your
           Class' meeting. More information may be found in the Management
           Information Circular, a copy of which may be obtained by
           contacting your Investors Group Consultant. These documents will
           also be available at and at

    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 Classes 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 4,500 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 $108 billion in total assets under
management as at May 31, 2009.

For further information:

For further information: Media contact: Ron Arnst, Media Relations,
(204) 956-3364,

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