Notice of Intention to discontinue Series B and Series B(N) for EdgePoint Portfolios
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TORONTO, Nov. 1, 2018 /CNW/ - EdgePoint Wealth Management ("EdgePoint") announced today that it will wind down sales of Series B Units and Series B(N) Units, its low-load purchase options.
Effective December 3, 2018, new investors will no longer be able to purchase Series B and Series B(N) of all EdgePoint Portfolios. This action follows diminishing demand for Series B and Series B(N) as the industry moves to a more fee-based environment.
Existing investors in Series B and Series B(N) may continue to purchase units until December 31, 2018, after which Series B and Series B(N) will be closed to all new purchases, including automatic investment plans and switches into the series. Investors with existing holdings in Series B and Series B(N) can remain invested in their positions including reinvested distributions, in accordance with their low-load schedule.
EdgePoint will be filing an Amended and Restated Simplified Prospectus, an Amended and Restated Annual Information Form, and amended Series B and Series B(N) Fund Facts documents.
ABOUT EDGEPOINT WEALTH MANAGEMENT
EdgePoint Wealth Management Inc. is an independent investment management firm based in Toronto, and owned and operated by investors.
This is not an offer to purchase. Mutual funds can only be purchased through a registered Dealer. Please read the simplified prospectus before investing. Copies are available from your financial advisor or at www.edgepointwealth.com. EdgePoint is a registered trademark of EdgePoint Investment Group Inc. EdgePoint® and Owned and Operated by InvestorsTM are trademarks of EdgePoint Investment Group Inc.
SOURCE EdgePoint Wealth Management Inc.
Patrick Farmer at 416.963.9353 or [email protected].
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