Guardian Capital Announces Fund Terminations

Fund Termination Details - The GuardPath Managed Decumulation 2042 Fund and GuardPath Modern Tontine 2042 Trust will be terminated effective on or about March 28, 2025 [8] - Securityholders may redeem their mutual fund units at the current series net asset value per unit until March 25, 2025 [1] - All mutual fund and ETF units held by investors as of the Termination Date will be subject to mandatory redemption at the series net asset value per unit [1] - The ETF units of the Decumulation Fund are anticipated to be voluntarily delisted from the Toronto Stock Exchange following market close on or about March 27, 2025 [4] Fund Management and Redemption Process - The Manager will sell and convert the assets of each Fund to cash prior to the Termination Date [9] - Net assets of each Fund will be distributed pro rata among unitholders of record on the Termination Date based on the series net asset value per unit [9] - No further direct subscriptions of mutual fund units or ETF units of the Funds will be accepted, including switches from other funds [3] - Monthly switches of the Decumulation Fund's Hybrid Tontine Series Units into units of the Tontine Trust will cease immediately [3] Company Overview - Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities spanning various asset classes, geographic regions, and specialty mandates [2] - Guardian Capital LP manages portfolios for institutional clients including defined benefit and defined contribution pension plans, insurance companies, foundations, endowments, and investment funds [2] - Guardian Capital Group Limited had C$165.1 billion of total client assets and managed a proprietary investment portfolio with a fair market value of C$1.2 billion as of September 30, 2024 [10] Investor Considerations - The Funds are unique investment fund structures and may be suitable for investors primarily concerned about having sufficient income in retirement [13] - The Funds may not be suitable for investors whose primary objective is to leave capital behind for their estate [13] - Distributions provided by the Funds are not guaranteed or backed by an insurance company or any third party [13]