Investors Group announces fund mergers
Winnipeg, MB – June 24, 2008: Investors Group today announced the following proposed mergers involving funds with similar existing mandates. These mergers, which require securityholder and regulatory approval, are expected to provide enhanced diversification opportunities and in some cases lower management and administration fees.
| Merging Fund/Class | Continuing Fund/Class | |
|---|---|---|
| IG Templeton World Allocation Fund | into | Investors Tactical Asset Allocation Fund |
| IG FI U.S. Equity Fund/Class* | into | IG AGF U.S. Growth Fund/Class* |
| IG FI Global Equity Fund/Class* | into | Investors Global Fund/Class* |
Securityholders of record (as of July 14, 2008**) holding units or shares of the Merging Funds (and Continuing Classes***) will receive a Notice of Meeting, Proxy Form and Management Information Circular dealing with the changes. Securityholder meetings are scheduled for September 2, 2008. If approved, these changes are scheduled to take effect after the close of business on September 5, 2008.
Adjustments will also be made to the composition of the AllegroTM Conservative and AllegroTM Moderate Conservative Portfolios, in conjunction with the merger involving the IG FI U.S. Equity Fund. Also, the Allegro Moderate Conservative Portfolio will be rebalanced to invest 8% of its assets in IG FI Canadian Equity Fund with an offsetting decrease in the Portfolio’s current investment in the IG Mackenzie Maxxum Canadian Equity Growth Fund.
The IG Funds Independent Review Committee approved the above fund mergers at a meeting held on June 23, 2008.
*This mutual fund is a separate class of shares issued by Investors Group Corporate Class Inc.
**If you acquire units or shares after July 14, 2008 in a fund for which a securityholder meeting is being held, you may be entitled to vote, provided you establish proper ownership of units of that Fund and request, at least 10 days before your fund’s meeting, to be included in the list of securityholders of that Fund for purposes of voting at your Fund’s meeting. More information about the mergers may be found in the Management Information Circular, a copy of which may be obtained by contacting your Investors Group Consultant. These documents are also available at www.sedar.com and at investorsgroup.com.
***As required by corporate legislation, securityholders of IG AGF U.S. Growth Class and Investors Global Class will also be asked to vote on the applicable mergers.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 4,300 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 $124 billion in total assets under management.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The 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.)
| Media Contact: | ||
|---|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
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