WINNIPEG, March 24, 2017 /CNW/ - Investors Group is not proceeding at this time with proposed product changes including fund mergers and strategy adjustments.
"Recently announced proposals will not proceed until we can review the implications of the 2017 Federal Budget," said Todd Asman, Executive Vice-President, Products and Financial Planning.
The Federal Budget announcements include a provision to allow for mutual fund corporations to merge into separate unit trusts on a tax-deferred basis. Investors Group is reviewing the proposed product changes in light of the Budget announcement to ensure that the changes occur in a tax efficient manner.
Securityholder meetings scheduled for May 18, 2017, at Investors Group's head office in Winnipeg will also not proceed.
This is not a solicitation to purchase securities of these funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus of the mutual funds before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. These 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).
Founded in 1926, Investors Group is a national leader in delivering personalized financial solutions to Canadians through a network of Consultants located across 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.
TM This trademark is owned by IGM financial Inc. and licensed to its subsidiary corporations.
SOURCE Investors Group Financial Services Inc.
For further information: Ron Arnst, Investors Group, (204) 956-3364, [email protected]