Standard Life Mutual Funds has announced 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.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
