MONTREAL, Jan. 27, 2015 /CNW Telbec/ - Desjardins Investments Inc., the manager of the Desjardins Funds (the "Manager") has announced the termination of the Desjardins Global Real Estate Fund (the "Fund"), effective as of March 30, 2015 (the "termination date").
Prior to the termination date, Fund unit holders can choose to transfer their investments to another Desjardins Fund or to file a request with the Manager to redeem their Fund units.
A notice of termination will be sent to all unit holders of the Fund in compliance with regulatory requirements.
The Manager invites all unit holders of the Fund to contact their representative before the termination date to go over other investment options available.
Fund unit sales suspended
Starting on January 27, 2015, all additional investments in units of the Fund will be suspended, except for automatic-deposit investments made by existing unit holders.
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world with assets close to $227 billion. It has been rated one of Canada's top 100 employers by Mediacorp Canada. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. The group has one of the highest capital ratios and credit ratings in the industry. In 2014, Desjardins was named the fourth safest bank in North America by Global Finance magazine and the second strongest bank in the world by Bloomberg News.
SOURCE Desjardins Group
(media inquiries only): Richard Lacasse, Public Relations, Desjardins Group, 418-835-8444 or 1-866-835-8444, ext. 3163, [email protected]
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