Sun Life Global Investments and Excel Funds Management announce results of proposed Money Market fund merger
TORONTO, June 8, 2018 /CNW/ - Sun Life Global Investments (Canada) Inc. ("Sun Life Global Investments") and Excel Funds Management Inc. ("Excel") today announces the closure of Excel Money Market Fund, after not receiving the necessary unitholder votes required to proceed with the proposed merger of Excel Money Market Fund into Sun Life Money Market Fund. As outlined in the information circular, Excel Money Market Fund will be closed effective 4:01 p.m. ET on June 15, 2018.
Excel Money Market Fund will be hard capped to new investors as of Friday, June 8, 2018 at 4:01 p.m. ET. Securities will no longer be available for purchase.
Unitholders of Excel Money Market Fund will be able to redeem or switch securities until 4:01 p.m. ET on June 14, 2018.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world to deliver a truly global investment platform. Sun Life Global Investments manages $22 billion on behalf of institutional and retail investors from coast-to-coast and is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.
About Sun Life Financial
Sun Life Financial Inc. is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2018, Sun Life Financial had total assets under management of $979 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
About Excel Funds Management Inc.
Founded in 1998, Excel Funds Management Inc. is an investment fund manager offering actively-managed core and specialty investment solutions to retail investors, including access to the largest suite of emerging markets investments in Canada. Excel Funds' strategic alignment with active, on-the-ground sub-advisors who work in collaboration with its in-house managers, enhances the depth and breadth of its portfolio management team. Excel Funds has access to a global network of over 700 portfolio managers and 200 research analysts, who provide firsthand knowledge of the markets in which they invest. For more information, please visit www.excelfunds.com.
Excel Funds Management Inc. is a division of Sun Life Global Investments (Canada) Inc. Sun life Global Investments (Canada) Inc. is a member of the Sun Life Financial group of companies.
Note to Editors: All amounts in Canadian dollars.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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SOURCE Sun Life Global Investments (Canada) Inc.