TORONTO–(BUSINESS WIRE)–Russell Investments Canada Limited (the “Manager”) announced today that it proposes to merge Russell Investments Canadian Dividend Class, Russell Investments Emerging Markets Equity Class, Russell Investments Fixed Income Plus Class and Russell Investments Global Smaller Companies Class (each a “Terminating Fund”) into corresponding mutual funds indicated in the following table (each a “Continuing Fund”).
|
Terminating Fund |
|
Continuing Funds |
|
Russell Investments Canadian Dividend Class |
to merge into |
Russell Investments Canadian Dividend Pool |
|
Russell Investments Emerging Markets Equity Class |
to merge into |
Russell Investments Emerging Markets Equity Pool |
|
Russell Investments Fixed Income Plus Class |
to merge into |
Russell Investments Fixed Income Plus Pool |
|
Russell Investments Global Smaller Companies Class |
to merge into |
Russell Investments Global Smaller Companies Pool |
Each merger will be implemented by redeeming the shares of the Terminating Fund in return for a proportionate number of units of an equivalent series of its Continuing Fund.
Each merger will result in a taxable disposition of all shares of the Terminating Fund held by its investors and all units of its Continuing Fund held by the Terminating Fund. The Manager expects that this will not result in a material tax liability for most investors.
The investors of each Terminating Fund will be asked to approve its merger at special meetings to be held on or about August 1, 2025. Each merger will proceed and take effect on or shortly after August 8, 2025, if approved by its shareholders, regardless of whether any other merger is approved. Following its merger, the Terminating Fund will be wound up as soon as reasonably possible. The Manager may, in its discretion, decide not to proceed with a Merger even if it is approved by shareholders.
On or prior to the effective date of the mergers, the Manager will suspend purchases of units and shares of the Terminating Funds. Investors will have the right to redeem units and shares of the Terminating Funds up to the close of business on the effective date of the mergers. Following the mergers, all optional plans, including pre-authorized purchase programs, automatic withdrawal plans, systematic switch programs and automatic rebalancing services, which were established with respect to the Terminating Funds will be re-established in comparable plans with respect to the Continuing Fund unless investors advise otherwise. Units of the Continuing Fund received by an investor of a Terminating Fund, as a result of its merger, will be subject to the same deferred sales charge (if any) applicable to the units or shares of the Terminating Fund they replace.
About the Manager
Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. Established in 1985, Russell Investments Canada Limited has its head office in Toronto.
About Russell Investments
Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security. The firm has $332 billion in assets under management (as of 3/31/2025) for clients in 30 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world. For more information, please visit www.russellinvestments.com/ca.
Nothing in this publication is intended to constitute legal, tax securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. This is a publication of Russell Investments Canada Limited and has been prepared solely for information purposes. It is made available on an “as is” basis. Russell Investments Canada Limited does not make any warranty or representation regarding the information.
Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited. Russell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments’ employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.
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Contacts
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