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.