Securityholder vote results for Investors Group fund mergers/objective change

WINNIPEG, Sept. 1, 2015 /CNW/ - At meetings held yesterday, securityholders approved mergers involving IG AGF Canadian Growth Fund/Class¹ and an investment objective change for IG Mackenzie Canadian Equity Growth Class¹.

Fund mergers vote

The following Investors Group mergers were approved by securityholders and are expected to occur after the close of business on September 11, 2015.

Merging fund		Continuing fund
IG AGF Canadian Growth Fund	To merge into	IG Mackenzie Canadian Equity Growth Fund
IG AGF Canadian Growth Class^1	To merge into	IG Mackenzie Canadian Equity Growth Class^1

Benefits of mergers

The mergers are expected to result in a larger asset base, providing the potential for efficiencies in investment management, and more comprehensive investment exposure for securityholders of the merging funds, which may result in enhanced diversification and portfolio management opportunities.

Investment objective change

Approved in a separate meeting yesterday was the investment objective change of IG Mackenzie Canadian Equity Growth Class.  The Class will continue to seek to provide long-term capital growth, but will do so primarily by exposure to the common shares of Canadian based corporations of any size through investment in other mutual funds and/or directly in equity securities.  This change is expected to result in potentially greater efficiencies in the management of the Class' portfolio. 

The objective change is expected to take effect on or about September 4, 2015.

This is not a solicitation to purchase securities of these funds.  Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments.  Please read the prospectus of the mutual funds before investing.  Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.  There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.  Past performance may not be repeated.  These 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).

Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 5,100 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 approximately $138 billion in total assets under management as of July 31, 2015.

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¹This mutual fund is a class of securities issued by Investors Group Corporate Class Inc.^TM
TMThis trademark is owned by IGM Financial Inc. and licensed to its subsidiary corporations.

SOURCE Investors Group Inc.

Media contact: Ron Arnst, Media Relations, [phone], [email protected]