Notice of Intention to discontinue Series B and Series B(N) for EdgePoint Portfolios
PRESS RELEASE
Notice of Intention to discontinue Series B and Series B(N) for EdgePoint Portfolios
TORONTO, November 1, 2018 – EdgePoint Wealth Management (“EdgePoint”) announced today that it will wind down sales of Series B Units and Series B(N) Units, its low-load purchase options.
Effective December 3, 2018, new investors will no longer be able to purchase Series B and Series B(N) of all EdgePoint Portfolios. This action follows diminishing demand for Series B and Series B(N) as the industry moves to a more fee-based environment.
Existing investors in Series B and Series B(N) may continue to purchase units until December 31, 2018, after which Series B and Series B(N) will be closed to all new purchases, including automatic investment plans and switches into the series. Investors with existing holdings in Series B and Series B(N) can remain invested in their positions including reinvested distributions, in accordance with their low-load schedule.
EdgePoint will be filing an Amended and Restated Simplified Prospectus, an Amended and Restated Annual Information Form, and amended Series B and Series B(N) Fund Facts documents.
ABOUT EDGEPOINT WEALTH MANAGEMENT
EdgePoint Wealth Management Inc. is an independent investment management firm based in Toronto, and owned and operated by investors.
Contact: Patrick Farmer at 416.963.9353 or farmer@edgepointwealth.com.
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