Note: All amounts are shown in Canadian dollars.
MONTREAL, Oct. 15, 2012 /CNW Telbec/ - The Standard Life Assurance Company of Canada notified today Standard Life Mutual Funds Ltd., the investment fund manager of the Standard Life Canadian Equity Value Fund, the Standard Life Global Equity Value Fund and the Standard Life Canadian Equity Growth Fund of its intention to redeem its units in those funds. The value of those units represents approximately $3.8 million, $4.1 million and $2 million, respectively. The units being redeemed represent a significant portion of the total outstanding units of the funds.
The Standard Life Assurance Company of Canada's decision is part of its normal course of business and in no way reflects an opinion on the quality of the investment per se. The redemption will take place on or about October 19, 2012.
About Standard Life Mutual Funds
Established in 2000, Standard Life Mutual Funds Ltd. (SLMF) offers 51 mutual funds and fund-of-funds to some 70,000 investors in Canada. As of June 30, 2012, SLMF had more than $4.5 billion in assets under management. Its wide range of mutual funds is managed by professionals with varying investment styles across major asset classes.
SLMF is part of Standard Life plc, a leading long-term savings and investment company headquartered in Scotland and operating internationally. It is affiliated with The Standard Life Assurance Company of Canada.
SOURCE: STANDARD LIFE MUTUAL FUNDS LTD.
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