Changes result from federal tax
treatment
TORONTO, Nov. 7, 2016 /CNW/ - Invesco has announced
changes to its product lineup in response to tax-treatment changes
made in the 2013 Federal Budget.
Subject to regulatory approval, Invesco plans to merge shares of
Invesco Intactive Strategic Capital Yield Portfolio Class (the
"Fund") into units of Invesco Intactive Strategic Yield Portfolio,
effective the close of business on March 24,
2017.
Concurrently, Invesco plans to terminate Series F8, Series PT8
and Series T8 of Invesco Intactive Strategic Capital Yield
Portfolio Class and discontinue the U.S.-dollar purchase options of
Series PT6 and Series T6.
Due to changes put forth in the 2013 Federal Budget, the Fund
will no longer be able to provide tax-efficient benefits at the
expiration of its forward contract in 2017. In response to the
budget measures, the Fund was capped to additional investments at
the close of business on June 14,
2013.
The merger was approved by the Independent Review Committee of
the Fund. Investors who hold Invesco Intactive Strategic Capital
Yield Portfolio Class shares will receive a 60-day notice
explaining these changes.
Investors in non-registered accounts may switch to another
Invesco fund that is part of Invesco Corporate Class Inc. prior to
December 31, 2016 on a tax-deferred
basis. Switches made after that date will trigger a tax
consequence.
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 Ltd. 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 is a registered business name of Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2016
SOURCE Invesco Canada Ltd.