Standard Life Mutual Funds Ltd intends to reorganize its mutual funds line-up, subject to applicable unitholder and regulatory approvals. Standard Life Mutual Funds Ltd. will merge funds with similar investment objectives and modify the investment objectives and names of some of the Standard Life Funds and the Legend Pools.

Prior to the mergers, Standard Life Mutual Funds Ltd. will introduce a multi-series structure. “The reorganization will offer new advantages to distributors and investors, such as a broader range of core investment funds,” says Bernard Letendre, Senior Vice-President of Standard Life Mutual Funds Ltd.

“The mergers of the Legend Pools with Standard Life Funds with similar objectives will generate greater cost efficiencies for unitholders through economies of scale, while allowing the possibility for greater diversification of assets through a larger asset base,” he says.

Standard Life Mutual Funds intends to merge the following funds. In exchange for their units, unitholders of each terminating fund will receive units of the continuing fund on a dollar-for-dollar basis.

Prior to the mergers, unitholders of the following two terminating funds will be asked to adopt the investment objectives of the corresponding continuing fund: Legend Global Income Pool, Legend G7 Equity Pool. The following funds will continue:
Standard Life International Bond Fund, Legend Global Equity Pool (to be redesignated as the Standard Life Global Equity Fund).

Except for the merger of the Legend Money Market Pool into the Standard Life Money Market Fund which will be on a taxable basis, all other mergers will be effected on a tax deferred basis.