TORONTO, April 12, 2024 (GLOBE NEWSWIRE) -- Guardian Capital LP, the manager (the Manager) of the Guardian Capital Funds (the Funds), announced today the following changes to the line-up of the Funds, all of which are described in more detail below:
• new series offerings of certain Funds; and
• updates to the investment time horizon of certain Funds;
The Funds are available across Canada. For more information, please refer to the Funds’ Simplified Prospectus dated April 12, 2024 (the Simplified Prospectus) or visit the Manager’s website.
New Series Offerings pursuant to the Simplified Prospectus
The following Funds will commence offering new series of mutual fund units (the Mutual Fund Units) and/or exchange-traded fund units (the ETF Units) pursuant to the Simplified Prospectus, as indicated below.
| Fund | New Series | Administration Fee | Management Fee | ||
| Guardian Emerging Markets Equity Fund | ETF Units (TSX: GFEM) | 0.19 | % | 0.85 | % |
| Guardian Investment Grade Corporate Bond Fund | ETF Units (TSX: GIGC) | 0.10 | % | 0.40 | % |
| Guardian Managed Balanced Portfolio | Series A | 0.04 | % | 1.50 | % |
| Series F | 0.04 | % | 0.50 | % | |
| Guardian Managed Growth Portfolio | Series A | 0.04 | % | 1.50 | % |
| Series F | 0.04 | % | 0.50 | % | |
| Guardian Managed Income & Growth Portfolio | Series A | 0.04 | % | 1.35 | % |
| Guardian Managed Income Portfolio | Series A | 0.04 | % | 1.35 | % |
The Mutual Fund Units will be available for purchase on or about April 30, 2024.
Series A Units will be available to all investors through authorized dealers, with the exception of an order execution only dealer or any other dealer that does not make a suitability determination (such as an online discount broker).
Series F Units will be available to investors who have a fee-based account through their dealer, or to investors who have an account with a discount broker (provided the discount broker offers Series F Units on its platform).
Investments in Series A and Series F Units are subject to minimum investment requirements, as set forth in the Funds’ Simplified Prospectus.
The Toronto Stock Exchange (TSX) has conditionally approved the listing of the ETF Units on the TSX. The listings are subject to fulfilling all the requirements of the TSX. Subject to satisfying the TSX’s requirements, the ETF Units of Guardian Investment Grade Corporate Bond Fund (TSX: GIGC) are currently scheduled to begin trading on or about April 30, 2024 and investors will be able to buy or sell such ETF Units on the TSX through registered brokers and dealers in the province or territory where the investor resides. The launch date of the ETF Units of Guardian Emerging Markets Equity Fund (TSX: GFEM) will be announced by the Manager at a future time.
Investment Time Horizon Updates
Effective immediately, the investment time horizons for certain Funds are changing, as reflected in the table below:
| Fund | Former Investment Time Horizon | New Investment Time Horizon |
| Guardian Canadian Bond Fund | undisclosed | short to medium |
| Guardian Fixed Income Select Fund | undisclosed | short to medium |
| Guardian Investment Grade Corporate Bond Fund | undisclosed | short to medium |
| Guardian Managed Balanced Portfolio | medium to long | medium |
| Guardian Managed Income Portfolio | medium to long | medium |
| Guardian Managed Income & Growth Portfolio | medium to long | medium |
| Guardian Risk Managed Conservative Portfolio | medium to long | medium |
| Guardian Short Duration Bond Fund | undisclosed | short |
| Guardian U.S. Equity Fund | undisclosed | medium to long |
| Sustainable Balanced 40/60 Fund | medium to long | medium |
| Sustainable Balanced 60/40 Fund | medium to long | medium |
| Sustainable Income 20/80 Fund | medium to long | short to medium |
There are no changes to the investment objective or strategies of the Funds.
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.
About Guardian Capital Group Limited
Guardian Capital Group Limited (Guardian) is a global investment management company servicing institutional, retail and private clients through its subsidiaries. As at December 31, 2023, Guardian had C$58.8 billion of total client assets while managing a proprietary investment portfolio with a fair market value of C$1.32 billion. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of authenticity, integrity, stability and trustworthiness have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visit www.guardiancapital.com.
CONTACT INFORMATION
Guardian Capital LP
Richard Britnell
Telephone: +1-416-350-3117
Email: rbritnell@guardiancapital.com
Guardian Capital LP
Commerce Court West
Suite 2700, 199 Bay Street
PO Box 201 Toronto, Ontario M5L 1E8
Caution Concerning Forward-Looking Statements
Certain information included in this press release constitutes forward-looking information within the meaning of applicable Canadian securities laws. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events or the negative thereof. Forward-looking information in this press release includes, but is not limited to, statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations. Such forward-looking information reflects management’s beliefs and is based on information currently available. Certain material factors and assumptions were applied in providing this forward-looking information. All forward-looking information in this press release is qualified by the following cautionary statements.
Although Guardian Capital LP believes that the expectations reflected in such forward-looking information are reasonable, such information involves known and unknown risks and uncertainties which may cause Guardian Capital LP’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially include but are not limited to: general economic and market conditions, including interest rates, business competition, changes in government regulations or in tax laws, military conflicts in various parts of the world, the failure to satisfy any applicable stock exchange requirements, as well as those risk factors discussed or referred to in the Funds’ prospectus and the disclosure documents filed by Guardian Capital LP with the securities regulatory authorities in certain provinces and territories of Canada and available at www.sedarplus.com. The reader is cautioned to consider these factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information, as there can be no assurance that actual results will be consistent with such forward-looking information.
The forward-looking information contained in this press release is presented as of the preparation date of this press release and should not be relied upon as representing Guardian Capital LP’s views as of any date subsequent to the date of this press release. Guardian Capital LP undertakes no obligation, except as required by applicable law, to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase Guardian Capital Funds or Guardian Capital ETFs and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses all may be associated with investments in Guardian Capital Funds or Guardian Capital ETFs. Please read the prospectus before investing. Exchange-traded funds (ETFs) and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the Toronto Stock Exchange. If the units are purchased or sold on the Toronto Stock Exchange, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
All trademarks, registered and unregistered, are owned by Guardian Capital Group Limited and are used under licence.
