WINNIPEG, July 8, 2014 /CNW/ - At meetings held yesterday, securityholders approved four mergers involving the following Investors Group funds.
|Merging Fund||Continuing Fund|
|Investors U.S. Equity Fund||to merge into||Investors Core U.S. Equity Fund|
|Investors U.S. Equity Class1||to merge into||Investors Core U.S. Equity Class1|
|Investors Income Portfolio||to merge into||Investors Fixed Income Flex Portfolio|
|IG Mackenzie U.S. Growth Class1||to merge into||IG Putnam U.S. Growth Class1|
The mergers are expected to occur after the close of business on July 18, 2014.
Generally, these mergers are expected to benefit the securityholders of the merging funds as a result of the potential for improved long-term performance in the continuing funds. The continuing funds' larger asset base may provide greater portfolio management efficiency and/or a more comprehensive investment mandate with enhanced diversification, less volatility and greater portfolio management opportunities. In addition, these changes are expected to increase administration efficiency, including fee reductions in some cases.
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 approximately 4,900 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 $141 billion in total assets under management as of June 30, 2014.
1 This mutual fund is a class of securities issued by Investors Group Corporate Class Inc.TM
TMThis trademark is owned by IGM financial Inc. and licensed to its subsidiary corporations.
SOURCE: Investors Group Inc.
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