MISSISSAUGA, ON, April 1, 2015 /CNW/ - Smart Investments Ltd. ("Smart") announced today that it plans to terminate the operation of the Pro Money Market Fund, the Pro Fundamental Bond Index Fund and the Pro Fundamental Balanced Index Fund. On or about June 1st, 2015 these funds will be terminated.
Unitholders may redeem or switch their units of these Funds for settlement on or prior to the termination date. After this time Smart will liquidate the holdings of the Funds at fair market value, determine distributions and on or about June 1, 2015 distribute the net assets to the remaining unit holders.
Unitholders will not be required to pay any redemption fees, sales charges or other fees associated with the termination of the Funds.
Unitholders of the Funds will be mailed information outlining details of the Funds' termination and are encouraged to speak with their financial advisor regarding their investment options.
Smart Investments Ltd.
Smart Investments Ltd. is a registered portfolio manager, exempt market dealer and investment fund manager.
SOURCE Smart Investments Ltd.
For further information: Ken White at 905-815-6905 or [email protected]