Canada Life Investment Management Ltd. (CLIML) today announced that it is seeking to merge five Canada Life mutual funds on or about February 3, 2023.
In anticipation of these mergers, the Terminating Funds will be closed to new accounts, effective July 27, 2021 at 4 p.m. ET. For switches and direct buy orders, the Terminating Funds will be closed on Friday, July 30, 2021 at 4:00 p.m. ET.
About Mackenzie Investments
Mackenzie Investments Opens a new website in a new window - Opens in a new windowis a leading investment management firm with approximately $194.9 billion in assets under management as of April 30, 2021. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies. For more information, visit mackenzieinvestments.comOpens a new website in a new window - Opens in a new window.
About Canada Life Investment Management Ltd.
CLIML is the fund management subsidiary of The Canada Life Assurance Company, a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.
As of January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 12 million customer relationships from coast to coast to coast.
Follow us on FacebookOpens a new website in a new window - Opens in a new window, TwitterOpens a new website in a new window - Opens in a new window, InstagramOpens a new website in a new window - Opens in a new window, YouTubeOpens a new website in a new window - Opens in a new window and LinkedInOpens a new website in a new window - Opens in a new window.
For further information, please contact:
- Footnote 1
- 1 Mackenzie has requested a legislative amendment to the Tax Act to allow the Canada Life series of the Terminating Funds to be merged into new continuing funds that will be managed by CLIML. Although Mackenzie has not received any indication that the amendment will not be made, if the amendment is not granted or is granted after the Merger Date, the continuing funds will be managed by Mackenzie
- Footnote *
- * Hard capped funds that are closed to new purchases
Canada Life, along affiliated companies, today announced a $60,000 contribution to the Ukrainian Canadian Congress (UCC) Manitoba Chapter.