Closure of Desjardins Corporate Class Funds
Montreal, September 7, 2017 - Desjardins Investments Inc. ("DI"), manager of the Desjardins Corporate Class Funds, is announcing the closure of some of these funds. This measure is due in part to the fact that in 2016, the federal government put an end to the Corporate Class Funds' main advantages, such as asset transfers from one fund to another without tax consequences and tax deferrals.
Here is a list of the Desjardins Corporate Class Funds that are affected:
Desjardins Money Market Corporate Class
Desjardins Canadian Preferred Share Corporate Class
Desjardins Dividend Growth Corporate Class
Desjardins Canadian Equity Income Corporate Class
Desjardins IBrix Canadian High Dividend Equity Corporate Class
Desjardins IBrix Canadian Equity Focus Corporate Class
Desjardins Canadian Equity Value Corporate Class
Desjardins Canadian Equity Growth Corporate Class
Desjardins American Equity Growth Corporate Class
Desjardins American Equity Growth Currency Neutral Corporate Class
Desjardins Overseas Equity Growth Corporate Class
Desjardins Global Equity Growth Corporate Class
Desjardins Global Small Cap Equity Corporate Class
Desjardins Emerging Markets Opportunities Corporate Class
These closures will take place on or about November 15, 2017. DI reserves the right to postpone implementing the changes described above.
Starting September 7, 2017, DI will suspend any additional investment in the funds shares at issue, including investments made by periodic payments. Contact your representative if you would like to make new investments by periodic payments in the trust version of the fund(s) that you hold.
Desjardins Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Desjardins Funds are offered by registered dealers.