Guardian Capital LP (the “
Manager”) today
announced that it will terminate Guardian i3 Global REIT ETF (TSX:
GIGR and GIGR.B) (the “
ETF”) effective on or about
December 18, 2023 (the “
Termination Date”).
Effective immediately, except in limited
circumstances, no further direct subscriptions of units of the ETF
will be accepted. Units of the ETF are anticipated to be
voluntarily delisted from the Toronto Stock Exchange, at the
request of the Manager, and to cease trading, following market
close on or about December 15, 2023, with all units still held by
investors being subject to a mandatory redemption as of the
Termination Date. Unitholders may continue to buy or sell units of
the ETF on any stock exchange on which the ETF is traded until the
units are delisted.
Prior to the Termination Date, the Manager will,
to the extent reasonably possible, sell and convert the assets of
the ETF to cash. After paying or making adequate provision for the
liabilities and obligations of the ETF, the Manager will, as soon
as practicable following the Termination Date, distribute the net
assets of the ETF pro rata among the unitholders of record on the
Termination Date based on the net asset value per unit.
The Manager will issue an additional press
release on or about the Termination Date confirming the final
details of the termination. Further details of the termination will
be mailed to unitholders of the ETF at least 60 days prior to the
Termination Date.
For further information regarding the Guardian
Capital ETFs, 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.
About Guardian Capital Group
Limited
Guardian Capital Group Limited
(“Guardian”) is a global financial services
company, which provides extensive investment management services to
institutional, retail and private high and ultra-high-net worth
clients through its subsidiaries. As at June 30, 2023, Guardian had
C$56.5 billion of total client assets, while managing a proprietary
investment portfolio with a fair market value of C$1.27 billion.
Founded in 1962, Guardian’s reputation for steady growth, long-term
relationships and its core values of trustworthiness, integrity and
stability 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 LPRichard BritnellTelephone:
+1-416-350-3117Email: rbritnell@guardiancapital.com
Guardian Capital LPCommerce Court WestSuite
2700, 199 Bay StreetPO 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. All forward-looking information in
this press release is qualified by the following cautionary
statements.
Although the Manager believes that the
expectations reflected in such forward-looking information are
reasonable, such information involves known and unknown risks and
uncertainties which may cause the Manager’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, the outbreak and severity of pandemics,
such as COVID 19, the ongoing conflict in the Ukraine, the failure
to satisfy any applicable stock exchange requirements, as well as
those risk factors discussed or referred to in the ETF’s prospectus
and the disclosure documents filed by the Manager with the
securities regulatory authorities in the provinces and territories
of Canada and available at www.sedarplus.ca. 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 the
Manager’s views as of any date subsequent to the date of this press
release. The Manager 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.
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