WINNIPEG, April 30, 2015 /CNW/ - On April 20, 2015, three securityholder meetings took place which did not achieve quorum and were adjourned. At follow-up meetings held yesterday, April 29, 2015, securityholders approved the following mergers:
- Investors Short Term Capital Yield Class1 – Series TJdsc into Investors Mortgage & Short Term Income Fund – Series Jdsc
- Investors Capital Yield Class – Series TJnl into Investors Canadian Bond Fund – Series Jnl
The approved mergers are expected to occur after the close of business on May 15, 2015.
Meetings for the following Investors Group merger did not achieve quorum again and will not proceed:
- Investors Short Term Capital Yield Class1 – Series TJnl into Investors Mortgage & Short Term Income Fund – Series Jnl
The approved mergers are expected to provide securityholders of the merging funds with the potential for more efficient investment management due to a larger asset base, and generally more comprehensive investment mandates that may result in enhanced diversification and greater portfolio management opportunities. Overall, it is expected that these elements taken together will result in the potential for improved long-term performance in larger continuing funds.
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, including mutual funds in which investment may be made under the iProfile Managed Asset Program (if applicable) before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. 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).
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 5,100 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 $148 billion in total assets under management as of March 31, 2015.
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.
For further information: Media contact: Ron Arnst, Media Relations, (204) 956-3364, [email protected]