PFSL Investments Canada Ltd., the trustee and manager of the Primerica Concert Allocation Series of Funds, announced that at special meetings held on Friday, unitholders overwhelmingly approved the proposed merger of several funds, and the resulting name changes to each of the continuing fund.

Primerica International Aggressive Growth Portfolio Fund and Primerica Global Aggressive Growth Portfolio Fund will merge with Primerica Canadian Aggressive Growth Portfolio Fund. The new name of the continuing fund will be Primerica Aggressive Growth Fund.

Primerica International High Growth Portfolio Fund will merge with Primerica Canadian High Growth Portfolio Fund. The new name of the continuing fund will be Primerica Growth Fund.

Primerica International Growth Portfolio Fund will merge with Primerica Canadian Growth Portfolio Fund. The new name of the continuing fund will be Primerica Moderate Growth Fund.

Primerica Canadian Conservative Portfolio Fund will merge with Primerica Canadian Balanced Portfolio Fund. The new name of the continuing fund will be Primerica Conservative Growth Fund.

The effective date of the merger is is expected to be 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.

“We are very pleased with the tremendous support our unitholders have shown us in our ongoing efforts to provide a strong yet streamlined family of funds,” said John Adams, executive vp & CEO for PFSL. “By merging similar funds, PFSL will be in a position to generate greater operating efficiencies, create critical mass and achieve greater economies of scale,” he added.

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 August 26. Investors will have the right to redeem units of the terminating funds up to the close of business on August 26.

PFSL also announced today that unitholders have overwhelmingly approved the proposed changes to 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 also take effect on August 26 and 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.

PFSL has obtained all necessary regulatory approvals in respect of these changes.