TORONTO, July 21, 2017 (GLOBE NEWSWIRE) -- Empire Life Investments Inc., the manager of the Empire Life Mutual Funds will terminate Empire Life Small Cap Equity Mutual Fund, Empire Life Canadian Equity Mutual Fund and Empire Life Money Market Mutual Fund (the “Funds”), effective September 22, 2017.
Investors may redeem or switch their units of the Funds up to the close of business on September 22, 2017. Empire Life Investments Inc. will waive any redemption fees, sales charges or short-term trading fees for redemptions of units of the Funds. The Funds are closed to new purchases.
Empire Life Investments Inc. will send a notice to each investor in the Funds regarding the termination.
About Empire Life Investments Inc.
Empire Life Investments Inc. is a wholly-owned subsidiary of The Empire Life Insurance Company. The company manages and offers mutual funds and is the portfolio manager of the Empire Life segregated funds, including the Empire Life Guaranteed Investment Funds. As of December 31, 2016 the company managed $16 billion in assets. Follow Empire Life Investments on Twitter @EmpireLifeInv or visit www.empirelifeinvestments.ca for more information.
This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Empire Life Investments Inc. current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Empire Life Investments Inc. cannot assure that the forward-looking statements contained in this news release will be realized.
Documents (including press releases) regarding the various investment funds that are managed or advised by Empire Life Investments Inc. are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).