Contact: Aysha Mawani Vice President, Corporate Affairs
Contact: Aysha Mawani
Vice President, Corporate Affairs
Tel: 416.324.7712
Invesco introduces auto-switching into lower cost Private Investor Series
Toronto, November 2, 2017 – Invesco Canada (“Invesco”) today announced
enhancements to its mutual fund lineup to help reduce the cost of investing.
Effective November 10, 2017, Invesco will begin to automatically link non-registered and
registered accounts held by a single investor at the same dealership.
Individual and linked accounts with a minimum of $100,000 in aggregate assets will qualify
for preferred pricing under Invesco’s Private Investor Series and will be automatically
switched into a lower-cost, Private Investor Series of the fund, where available. For
example, Series A holdings will be switched to Series P; Series F holdings will switch to
Series PF.
Investors may also ask their advisor to link the accounts of others within their household, as
well as their business accounts, to reach this minimum.
This service is at no cost to clients and will not cause a taxable event.
Accounts will be reviewed on a weekly basis, and any new assets that qualify will be switched
automatically on the first business day of the following month, beginning December 1, 2017.
Other than the applicable fees, there is no difference between the Retail Investor Series and the
Private Investor Series into which the investors’ investments would be switched upon meeting
the eligibility criteria.
If an investor ceases to meet the eligibility criteria for Private Investor Series, their investment
may be switched into a series with a higher management and advisory fee, which will not
exceed the Retail Investor Series fees.
Certain restrictions may apply and investors should check the prospectus. These changes are
subject to regulatory approval.
Investors will not receive the Fund Facts document in connection with an automatic switch into
Private Investor Series, but may request the Fund Facts document for the relevant series by
calling 1.800.874.6275 or via e-mail to [[email protected]]. The Fund Facts document will be
delivered at no cost. Fund Facts documents may also be found on the SEDAR website at
www.SEDAR.com or at invesco.ca.
Investors will not have the right to withdraw from an agreement of purchase and sale in
connection with an automatic switch into a Private Investor Series. However, investors will have
the right of action for damages or rescission in the event of any misrepresentation in the Fund
Facts document or document incorporated by reference into the Simplified Prospectus for the
relevant series, regardless of whether the investor requests the Fund Facts document.
For more information, please visit invesco.ca. You can also connect with Invesco on Twitter
(@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an
investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
Commissions, trailing commissions, management fees and expenses may all be associated
with mutual fund investments. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated. Please read the simplified
prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
* Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used
under licence.
© Invesco Canada Ltd., 2017
– 30 –