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Revealed Jan 10, 2025 • 6 minute learn
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TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — Guardian Capital LP (the “Supervisor”) as we speak introduced that it’ll terminate GuardPath® Managed Decumulation 2042 Fund (the “Decumulation Fund”) and GuardPath® Trendy Tontine 2042 Belief (the “Tontine Belief”, and along with the Decumulation Fund, the “Funds”) efficient on or about March 28, 2025 (the “Termination Date”).
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Efficient instantly, no additional direct subscriptions of mutual fund items or ETF items of the Funds can be accepted, together with switches in from different funds. The month-to-month switches of the Decumulation Fund’s Hybrid Tontine Collection Items into items of the Tontine Belief may also stop efficient instantly.
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The ETF items of the Decumulation Fund are anticipated to be voluntarily delisted from the Toronto Inventory Change (“TSX”) (Ticker: GPMD) on the request of the Supervisor, and to stop buying and selling, following market shut on or about March 27, 2025.
Securityholders might redeem their mutual fund items of the Funds on the then present sequence web asset worth per unit at any time till the shut of enterprise on March 25, 2025. All mutual fund items and ETF items of the Funds nonetheless held by buyers as of the Termination Date can be topic to a compulsory redemption on the sequence web asset worth per unit. Unitholders might proceed to purchase or promote ETF items of the Decumulation Fund on any inventory change on which the Decumulation Fund is traded till the ETF items are delisted.
Previous to the Termination Date, the Supervisor will, to the extent fairly attainable, promote and convert the belongings of every Fund to money. After paying or making sufficient provision for the liabilities and obligations of every Fund, the Supervisor will, as quickly as practicable following the Termination Date, distribute the web belongings of every Fund professional rata among the many unitholders of file on the Termination Date primarily based on the sequence web asset worth per unit. Securityholders of the Fund are inspired to contact their funding skilled to debate the termination and their funding choices.
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The Supervisor will situation a further press launch on or concerning the Termination Date confirming the ultimate particulars of the terminations. Additional particulars of the terminations can be mailed to unitholders of the Funds no less than 60 days previous to the Termination Date.
For additional info relating to the Funds, please go to www.guardiancapital.com/investmentsolutions.
About Guardian Capital LP
Guardian Capital LP is the supervisor and portfolio supervisor of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a spread of asset courses, geographic areas and specialty mandates. Moreover, Guardian Capital LP manages portfolios for institutional purchasers comparable to outlined profit and outlined contribution pension plans, insurance coverage corporations, foundations, endowments and funding funds. Guardian Capital LP is an entirely owned subsidiary of Guardian Capital Group Restricted and the successor to its authentic funding administration enterprise, which was based in 1962. For additional info on Guardian Capital LP, please name 416-350-8899 or go to www.guardiancapital.com.
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About Guardian Capital Group Restricted
Guardian Capital Group Restricted (“Guardian”) is a world funding administration firm servicing institutional, retail and personal purchasers by its subsidiaries. As of September 30, 2024, Guardian had C$165.1 billion of complete consumer belongings whereas managing a proprietary funding portfolio with a good market worth of C$1.2 billion. Based in 1962, Guardian’s repute for regular progress, long-term relationships and its core values of authenticity, integrity, stability and trustworthiness have been key to its success over six a long time. Its Frequent and Class A shares are listed on the Toronto Inventory Change as GCG and GCG.A, respectively. To study extra about Guardian, go to www.guardiancapital.com.
CONTACT INFORMATION
Guardian Capital LP
Richard Britnell
Phone: +1-416-350-3117
E mail: rbritnell@guardiancapital.com
Guardian Capital LP
Commerce Courtroom West
Suite 2700, 199 Bay Avenue
PO Field 201 Toronto, Ontario M5L 1E8
Warning Regarding Ahead-Trying Statements
Sure info included on this press launch constitutes forward-looking info throughout the that means of relevant Canadian securities legal guidelines. All info apart from statements of historic reality could also be forward-looking info. Ahead-looking info is usually, however not all the time, recognized by way of forward-looking terminology comparable to “outlook”, “goal”, “might”, “will”, “would”, “anticipate”, “intend”, “estimate”, “anticipate”, “imagine”, “ought to”, “plan”, “proceed”, or comparable expressions suggesting future outcomes or occasions or the damaging thereof. Ahead-looking info on this press launch contains, however is just not restricted to, statements with respect to administration’s beliefs, plans, estimates, and intentions, and comparable statements regarding anticipated future occasions, outcomes, circumstances, efficiency or expectations. Such forward-looking info displays administration’s beliefs and is predicated on info at the moment accessible. All forward-looking info on this press launch is certified by the next cautionary statements.
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Though the Supervisor believes that the expectations mirrored in such forward-looking info are cheap, such info includes recognized and unknown dangers and uncertainties which can trigger the Supervisor’s precise efficiency and ends in future intervals to vary materially from any estimates or projections of future efficiency or outcomes expressed or implied by such forward-looking info. Necessary components that would trigger precise outcomes to vary materially embody however will not be restricted to: normal financial and market circumstances, together with rates of interest, enterprise competitors, adjustments in authorities laws or in tax legal guidelines, navy conflicts in numerous elements of the world, the failure to fulfill any relevant inventory change necessities, in addition to these threat components mentioned or referred to within the Funds’ prospectus and the disclosure paperwork filed by the Supervisor with the securities regulatory authorities within the provinces and territories of Canada and accessible at www.sedarplus.com. The reader is cautioned to contemplate these components, uncertainties and potential occasions fastidiously and to not put undue reliance on forward-looking info, as there may be no assurance that precise outcomes can be per such forward-looking info.
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The forward-looking info contained on this press launch is introduced as of the preparation date of this press launch and shouldn’t be relied upon as representing the Supervisor’s views as of any date subsequent to the date of this press launch. The Supervisor undertakes no obligation, besides as required by relevant legislation, to publicly replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case.
Not like conventional mutual funds or change traded funds (“ETFs”), the Funds are distinctive funding fund constructions and buyers ought to fastidiously contemplate whether or not his or her monetary situation and funding goals are aligned with these retirement-focused investments. The Funds could also be appropriate for an investor primarily involved about having enough earnings in retirement, particularly within the later years of their life. The Funds is probably not appropriate for an investor whose main goal is to depart capital behind for his or her property. The Funds will not be insurance coverage corporations, the items will not be insurance coverage or annuity contracts and unitholders is not going to have the protections of insurance coverage legal guidelines. Distributions offered by the Funds will not be assured or backed by an insurance coverage firm or any third celebration. The long-term complete return and the sustainability of the speed of distributions of the Funds could also be impacted by volatility and sequence of returns threat. This isn’t a whole checklist of the dangers related to an funding in these Funds. Please check with the prospectus for particulars.
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This communication is meant for informational functions solely and doesn’t represent a suggestion to promote or the solicitation of a suggestion to buy the Funds and isn’t, and shouldn’t be construed as, funding, tax, authorized or accounting recommendation, and shouldn’t be relied upon in that regard. Commissions, administration charges and bills all could also be related to investments within the Funds. Please learn the prospectus earlier than investing. ETFs and mutual funds will not be assured, their values change continuously and previous efficiency is probably not repeated. You’ll often pay brokerage charges to your vendor if you are going to buy or promote items of an ETF on the TSX. If the items are bought or bought on the TSX, buyers might pay greater than the present web asset worth when shopping for items of the ETF and will obtain lower than the present web asset worth when promoting them.
All logos, registered and unregistered, are owned by Guardian Capital Group Restricted and are used beneath licence.
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