IG Wealth Management Announces Wind-up of Corporate Class Mutual Funds

WINNIPEG, MB, Feb. 16, 2023 /CNW/ - IG Wealth Management ("IG") today announced its intention to wind-up Investors Group Corporate Class Inc. ("IGCC"). This will impact its suite of corporate class funds (the "Funds"), resulting in the merging of each Fund into its corresponding trust fund equivalent, on a tax-deferred basis. 

IG believes this is in the best interest of investors since IGCC is in a taxable position. Changes to tax legislation and evolving market trends have eliminated many of the benefits that were previously available to corporate class funds.

Each of the Funds listed below will be merged into its equivalent trust fund that will be managed by the same sub-advisor and has a substantially similar investment objective. Where no corresponding trust fund equivalent currently exists, one will be launched. The mergers will take place on or about May 19, 2023.

Merging Funds
IG Beutel Goodman Canadian Equity Class	IG Mackenzie Global Precious Metals Class
IG Core Portfolio Class - Balanced	IG Mackenzie Global Science & Technology Class
IG Core Portfolio Class - Balanced Growth	IG Mackenzie International Small Cap Class
IG Core Portfolio Class - Balanced Growth II	IG Mackenzie Ivy European Class
IG Core Portfolio Class - Growth	IG Mackenzie Ivy European Class II
IG Core Portfolio Class - Growth II	IG Mackenzie Ivy European Class III
IG Core Portfolio Class - Income Balanced	IG Mackenzie Ivy Foreign Equity Class
IG FI Canadian Equity Class	IG Mackenzie North American Equity Class
IG FI Canadian Equity Class II	IG Mackenzie North American Equity Class II
IG Franklin Bissett Canadian Equity Class	IG Mackenzie North American Equity Class III
IG Franklin Bissett Canadian Equity Class II	IG Mackenzie North American Equity Class IV
IG JPMorgan Emerging Markets Class	IG Mackenzie North American Equity Class V
IG Mackenzie Betterworld SRI Class	IG Mackenzie Pacific International Class
IG Mackenzie Canadian Equity Class	IG Mackenzie Pan Asian Equity Class
IG Mackenzie Canadian Money Market Class	IG Mackenzie Pan Asian Equity Class II
IG Mackenzie Canadian Small/Mid Cap Class	IG Mackenzie U.S. Equity Class
IG Mackenzie Canadian Small/Mid Cap Class II	IG Mackenzie U.S. Equity Class II
IG Mackenzie Canadian Small/Mid Cap Class III	IG Mackenzie U.S. Equity Class III
IG Mackenzie Dividend Class	IG Mackenzie U.S. Opportunities Class
IG Mackenzie European Equity Class	IG Mackenzie U.S. Opportunities Class II
IG Mackenzie European Mid-Cap Equity Class	IG Managed Risk Portfolio Class – Balanced
IG Mackenzie Global Class	IG Managed Risk Portfolio Class – Growth Focus
IG Mackenzie Global Class II	IG Managed Risk Portfolio Class – Income Balanced
IG Mackenzie Global Class III	IG Putnam U.S. Growth Class
IG Mackenzie Global Class IV	IG Putnam U.S. Growth Class II
IG Mackenzie Global Consumer Companies Class	IG T. Rowe Price U.S. Large Cap Equity Class
IG Mackenzie Global Financial Services Class	iProfile™ Canadian Equity Private Class
IG Mackenzie Global Health Care Class	iProfile™ Emerging Markets Private Class
IG Mackenzie Global Infrastructure Class	iProfile™ International Equity Private Class
IG Mackenzie Global Natural Resources Class	iProfile™ U.S. Equity Private Class

Existing investors of the Funds as of February 17, 2023, will be sent an investor notice on or about March 14. No action is required by investors. All costs and expenses associated with the mergers will be borne by IG.

About IG Wealth Management

Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisors located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has $115.4 billion in assets under advisement as of January 31, 2023, and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $259.5 billion in total assets under management and advisement as of January 31, 2023.

SOURCE IG Wealth Management

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