TORONTO, May 15, 2018 /CNW/ - Capital International Asset Management (Canada), Inc. ("Capital Group") announced today that, effective on or about May 24, 2018, Series B units of the Capital Group funds will no longer be offered for sale. This action follows several years of diminishing demand for Series B. Series B units are currently offered solely under a deferred sales charge (DSC) purchase option.
On or about May 24, 2018, all Series B units will be closed to new purchases, including automatic investment plans and switches into the series. Existing investors in Series B units can continue to hold their investment in such units, including reinvested distributions, in accordance with the applicable existing terms, including the deferred sales charge schedule. Existing automatic investment plans with respect to Series B units will be stopped.
Information about the Series B deferred sales charge schedule applicable to outstanding units is available in the funds' previous simplified prospectus dated May 25, 2017, available through SEDAR at www.sedar.com.
About Capital Group
Capital International Asset Management (Canada), Inc. and Capital Group funds are part of Capital Group, a global investment management firm originating in Los Angeles, California. Since 1931, Capital Group has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. As of December 31, 2017, Capital Group managed more than US$1.7 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.
SOURCE Capital Group Canada
Media Contact: Caroline Semerdjian, Media Relations, (213) 615-3185, [email protected], Website: www.capitalgroup.com/ca
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