MONTREAL, Sept. 6, 2013 /CNW Telbec/ - Standard Life Mutual Funds Ltd.
("SLMF") announced today the termination of the Standard Life U.S. Mid Cap
Fund, the Standard Life Global Equity Focus Fund and the Standard Life India
Equity Focus Fund (the "Funds") effective on or about November 29, 2013.
Effective immediately, units of the Funds are no longer available for new
investments, including additional purchases by existing unitholders and
through regular investment plans.
SLMF is terminating the Funds due to the relatively small asset size and the
limited number of unitholders in the Funds. Terminating the Funds is
consistent with SLMF's strategy of offering efficient investment solutions
that meet the demand of investors and their financial advisors.
Existing unitholders of the 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 Funds.
In accordance with securities legislation, a notice of termination will be
sent to the unitholders of the Funds.
SLMF encourages the unitholders of the Funds to consult with their advisors to
understand the financial and tax implications of switching or redeeming their
units in the Funds and to determine the solution that best meets their
individual investment needs and circumstances.
Visit: Standard Life Mutual Funds
About Standard Life Mutual Funds
Established in 2000, Standard Life Mutual Funds Ltd. ("SLMF") offers 55 mutual
funds and fund-of-funds to more than 64,000 investors in Canada. Its wide
range of mutual funds is managed by professionals with varying investment
styles across major asset classes. As of June 30,2013, SLMF had
approximately $4.8billion in assets under management.
SLMF is a wholly owned subsidiary of Standard Life Financial Inc. whose parent
company, Standard Life plc, is headquartered in Edinburgh, Scotland.
SOURCE STANDARD LIFE MUTUAL FUNDS LTD.
Geoffrey King 514-499-7999, ext. 8150 firstname.lastname@example.org
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-0- Sep/06/2013 11:30 GMT
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