MONTREAL, May 26, 2014 /CNW Telbec/ - Standard Life Mutual Funds (SLMF) announced today the termination of the Standard Life Canadian Equity Focus Fund and the Standard Life U.S. Equity Focus Fund, effective on or about July 31, 2014.
As of 4 p.m. ET on May 26, 2014, units of the two funds will no longer be available for new investments, including additional purchases by existing unit holders and through regular investment plans.
Existing unit holders of the two funds have the option to redeem or switch their investments to any Standard Life mutual funds before the funds' termination date. SLMF will waive all sales charges and redemption fees in connection with the redemptions of units of the two funds.
In accordance with securities legislation, a notice of termination will be sent to the unit holders of the funds.
SLMF encourages the unit holders of the funds to consult with their advisors to understand the financial and tax implications of switching or redeeming their units in the two funds and to determine the option that best meets their individual investment needs and circumstances.
About Standard Life Mutual Funds
Standard Life Mutual Funds Ltd. (SLMF) was established in 2000 in Canada. It offers to advisors and individual investors some 60 mutual funds and fund-of-funds with varying investment styles across major asset classes. As of December 31, 2013, SLMF had C$5.4 billion of assets under management. It is part of Standard Life plc, a leading long-term savings and investment company headquartered in Scotland and operating internationally, and is affiliated with The Standard Life Assurance Company of Canada.
SOURCE: STANDARD LIFE MUTUAL FUNDS LTD.
Ann-Marie Gagné
514 499-7999 or 1 877 499-9555, ext. 4600
[email protected]
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