PFSL Investments Canada Ltd., the trustee and manager of the Primerica Concert Allocation Series of Funds, announced today that it is proposing to merge several of its funds, and rename the continuing funds.

Primerica International Aggressive Growth Portfolio Fund and Primerica Global Aggressive Growth Portfolio Fund will merge with Primerica Canadian Aggressive Growth Portfolio Fund. The fund will then be renamed Primerica Aggressive Growth Fund/

Primerica International High Growth Portfolio Fund will merge into Primerica Canadian High Growth Portfolio Fund. The fund will then be renamed Primerica Growth Fund.

Primerica International Growth Portfolio Fund will merge into Primerica Canadian Growth Portfolio Fund. The merged fund will be renamed Primerica Moderate Growth Fund.

Primerica Canadian Conservative Portfolio Fund will merge into Primerica Canadian Balanced Portfolio Fund. The merged fund will be renamed Primerica Conservative Growth Fund.

On the effective date, which is expected to be on or about August 25, units of each terminating fund will be exchanged on a tax-deferred basis for units of the applicable continuing fund having a net asset value equal to the net asset value of the units of the terminating fund. Following such exchange, unitholders of each terminating fund shall become unitholders of the corresponding continuing fund.

“We are making these changes as part of our ongoing efforts to provide a strong yet streamlined family of funds. By merging similar funds, PFSL will be in a position to generate greater operating efficiencies, create critical mass and achieve greater economies of scale,” said John Adams, executive vp & CEO for PFSL.

The terminating funds will be closed to new wire order purchasers as of the close of business on August 22, and to direct purchase orders as of the close of business on the effective date. Investors will have the right to redeem units of the terminating funds up to the close of business on the effective fate.

Concurrently with the proposed mergers, PFSL is also proposing to change the fundamental investment objectives and investment strategies of each continuing fund, as well as the investment objectives and strategies of Primerica Canadian Income Portfolio Fund and Primerica Canadian Money Market Portfolio Fund (to be renamed Primerica Income Fund and Primerica Canadian Money Market Fund, respectively). Such changes to the investment objectives and strategies will generally provide that the investments of such funds may be allocated by PFSL and the portfolio advisor amongst a selection of underlying mutual funds or directly in securities without reference to target weightings for any specific underlying mutual fund or any limits on asset class exposure.

All of the foregoing changes are subject to PFSL obtaining necessary regulatory approvals and the approval of affected unitholders of record on July 14 at special meetings to be held on August 18.