Aegon streamlines fund offering

Aegon Fund Management Inc. today announced it is winding down its imaxx TOP Portfolios on June 21, 2013.

The change is “due to the high cost of maintaining these portfolios given their relatively small asset size and number of unitholders,” said Doug Brooks, chairman, president and CEO of Aegon Fund Management.

• Aegon Fund Management will cease offering units for purchase of these imaxx TOP Portfolios after the close of business today, March 21, 2013. Existing Pre-authorized Chequing (PAC) plans, Dollar-Cost-Averaging (DCA) plans and/or dividend reinvestment plans will continue until close of business on April 30, 2013.
• Investors can redeem their units or switch out of the portfolio to one of the six remaining funds on or prior to June 14, 2013.
• The imaxx TOP Portfolios will be terminated on June 21, 2013.
• Non-registered accounts will have holdings redeemed at fair market value as at June 21, 2013.
• Remaining unitholders who hold the portfolio in a registered account will have their holdings switched, on a dollar-for-dollar basis, as follows:

• Following the termination date, any pre-existing Systematic Withdrawal Plan (SWP) on a terminated Portfolio will be re-established on the fund switched to, unless unitholders advise otherwise.
• AFM will waive any deferred sales charge on redemptions.

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