12:01 PM EST - IG Wealth Management. : Announced its intention to wind up Investors Group Corporate Class Inc. This will impact its suite of corporate class funds, resulting in the merging of each Fund into its corresponding trust fund equivalent, on a tax-deferred basis. IG believes this is in the best interest of investors since IGCC is in a taxable position. Changes to tax legislation and evolving market trends have eliminated many of the benefits that were previously available to corporate class funds. Each of the Funds listed below will be merged into its equivalent trust fund that will be managed by the same sub-advisor and has a substantially similar investment objective. Where no corresponding trust fund equivalent currently exists, one will be launched. The mergers will take place on or about May 19, 2023. IG Wealth Management.
shares T.IGM are trading up $0.25 at $42.66.
