Investment options for clients include transferring to Series A of the same mutual fund or MDPIM pool
The fund will pay a final quarterly distribution of 20¢ per unit
Closed-end fund will terminate on July 31
Fund closed to new purchases
CC&L Balanced Growth Portfolio failed to “achieve economies of scale for the ordinary operating expenses” and is now closed off to additional investments
The firm is also plans to cap or eliminate the fees and expenses associated with certain series in an effort to simplify its product offering
Macquarie Emerging Markets Infrastructure Income Fund will be cut from LOQiG’s offerings while Scotia plans to terminate the Moenda LatAm Fixed Income Fund
Strategic Income Allocation Fund will be terminated sometime after March 20
Manulife plans to terminate several funds in two phases to simplify its platform while RBC will shut down two funds due to their small size and to get rid of duplication
LOGiQ is looking to sell all non-cash assets of the fund and discharge liabilities; remaining assets will be distributed among unitholders as soon as it’s practical to do so