News

Guardian Capital Announces Fund Terminations

Guardian Capital LP

TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — Guardian Capital LP (the “Manager”) today announced that it will terminate GuardPath® Managed Decumulation 2042 Fund (the “Decumulation Fund”) and GuardPath® Modern Tontine 2042 Trust (the “Tontine Trust”, and together with the Decumulation Fund, the “Funds”) effective on or about March 28, 2025 (the “Termination Date”).

Effective immediately, no further direct subscriptions of mutual fund units or ETF units of the Funds will be accepted, including switches in from other funds. The monthly switches of the Decumulation Fund’s Hybrid Tontine Series Units into units of the Tontine Trust will also cease effective immediately.

The ETF units of the Decumulation Fund are anticipated to be voluntarily delisted from the Toronto Stock Exchange (“TSX”) (Ticker: GPMD) at the request of the Manager, and to cease trading, following market close on or about March 27, 2025.

Securityholders may redeem their mutual fund units of the Funds at the then current series net asset value per unit at any time until the close of business on March 25, 2025. All mutual fund units and ETF units of the Funds still held by investors as of the Termination Date will be subject to a mandatory redemption at the series net asset value per unit. Unitholders may continue to buy or sell ETF units of the Decumulation Fund on any stock exchange on which the Decumulation Fund is traded until the ETF units are delisted.

Prior to the Termination Date, the Manager will, to the extent reasonably possible, sell and convert the assets of each Fund to cash. After paying or making adequate provision for the liabilities and obligations of each Fund, the Manager will, as soon as practicable following the Termination Date, distribute the net assets of each Fund pro rata among the unitholders of record on the Termination Date based on the series net asset value per unit. Securityholders of the Fund are encouraged to contact their investment professional to discuss the termination and their investment options.

The Manager will issue an additional press release on or about the Termination Date confirming the final details of the terminations. Further details of the terminations will be mailed to unitholders of the Funds at least 60 days prior to the Termination Date.

For further information regarding the Funds, please visit www.guardiancapital.com/investmentsolutions.

About Guardian Capital LP

Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Additionally, Guardian Capital LP manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds. Guardian Capital LP is a wholly owned subsidiary of Guardian Capital Group Limited and the successor to its original investment management business, which was founded in 1962. For further information on Guardian Capital LP, please call 416-350-8899 or visit www.guardiancapital.com.

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