Investment and Retirement

REMINDER: Seven ASTRA Fund closures as of June 6, 2014

On June 6, 2014, the ASTRA Funds listed below will be closed and their assets will be transferred to the destination funds indicated in the table below, two of which are brand-new funds.

Advisors whose clients have invested in the funds which are about to close have received all the necessary information by mail. A closure notice was also mailed to investors on April 4, 2014. All of these documents are available in the “Documentation” section of our secure Web site at www.investment.ssq.ca.

 

FUND CLOSURES AND TRANSFER OF ASSETS

 ASTRA Fund Closures Code  Destination ASTRA Funds Code
 Fidelity Canadian Asset Allocation 622  CI Cambridge Canadian Asset Allocation 653
 Acuity High Income 86  CI Cambridge Canadian Asset Allocation 653
 UBS Global High Income 94  CI Signature Global Income and Growth 654
 Canadian Fundamental Equity* 607  Jarislowsky Fraser Ltd. Canadian Value Equity 12
 U.S. Fundamental Equity* 608  MFS U.S. Equity 31
 International Fundamental Equity* 609  International Equity 33
 Sigma Alpha Global Macro* 626  Money Market 36

* As this is considered a fundamental change, investors may be eligible for specific rights. All relevant information was included in the documents sent to advisors and investors by mail.

 

Important note: The monthly distribution per unit applicable to the ASTRA Acuity High Income Fund and the ASTRA UBS Global High Income Fund remains at $0.025 per unit in the two new destination funds. The distribution still can be paid directly to the client rather than reinvested in the fund as per clients’ choice for non-registered plans. Investors will not see any appreciable difference in their usual distribution amount.