Toronto-based Invesco Ltd. on Monday announced changes to its product lineup in response to tax-treatment changes made in the 2013 federal budget.

Subject to regulatory approval, Invesco plans to merge shares of Invesco Intactive Strategic Capital Yield Portfolio Class into units of Invesco Intactive Strategic Yield Portfolio, effective the close of business on March 24.

Concurrently, Invesco plans to terminate Series F8, Series PT8 and Series T8 of Invesco Intactive Strategic Capital Yield Portfolio Class and discontinue the U.S.-dollar purchase options of Series PT6 and Series T6.

Due to changes put forth in the 2013 federal budget, nvesco Intactive Strategic Capital Yield Portfolio Class will no longer be able to provide tax-efficient benefits at the expiration of its forward contract in 2017. In response to the budget measures, the fund was capped to additional investments at the close of business on June 14, 2013.

The merger was approved by the independent review committee of the fund, Invesco says in a news release.

Investors in non-registered accounts may switch to another Invesco fund that is part of Invesco Corporate Class Inc. prior to Dec. 31, 2016 on a tax-deferred basis. Switches made after that date will trigger a tax consequence.