MONTREAL, Sept. 6, 2013 /CNW Telbec/ - Standard Life Mutual Funds Ltd. ("SLMF") announced today the termination of the Standard Life U.S. Mid Cap Fund, the Standard Life Global Equity Focus Fund and the Standard Life India Equity Focus Fund (the "Funds") effective on or about November 29, 2013.
Effective immediately, units of the Funds are no longer available for new investments, including additional purchases by existing unitholders and through regular investment plans.
SLMF is terminating the Funds due to the relatively small asset size and the limited number of unitholders in the Funds. Terminating the Funds is consistent with SLMF's strategy of offering efficient investment solutions that meet the demand of investors and their financial advisors.
Existing unitholders of the Funds have the option to redeem or switch their investments to any Standard Life Mutual Funds before the Funds' termination date. SLMF will waive all sales charges and redemption fees in connection with the redemptions of units of the Funds.
In accordance with securities legislation, a notice of termination will be sent to the unitholders of the Funds.
SLMF encourages the unitholders of the Funds to consult with their advisors to understand the financial and tax implications of switching or redeeming their units in the Funds and to determine the solution that best meets their individual investment needs and circumstances.
Visit: Standard Life Mutual Funds
About Standard Life Mutual Funds
Established in 2000, Standard Life Mutual Funds Ltd. ("SLMF") offers 55 mutual funds and fund-of-funds to more than 64,000 investors in Canada. Its wide range of mutual funds is managed by professionals with varying investment styles across major asset classes. As of June 30, 2013, SLMF had approximately $4.8 billion in assets under management.
SLMF is a wholly owned subsidiary of Standard Life Financial Inc. whose parent company, Standard Life plc, is headquartered in Edinburgh, Scotland.
SOURCE: STANDARD LIFE MUTUAL FUNDS LTD.
For further information:
514-499-7999, ext. 8150