Russell Investments Canada Limited Announces Upcoming Redemption of the Series ETF Units of Russell Investments Global Unconstrained Bond Pool
25 Oktober 2021 - 9:00PM
Business Wire
Russell Investments Canada Limited (the “Manager”) announced
today that all of the outstanding Series ETF units (the “Units”) of
Russell Investments Global Unconstrained Bond Pool (the “Fund”)
will be redeemed for cash at their net asset value per Unit on
November 30, 2021 (the “Redemption Date”). The redemption amount
will be paid on the December 2, 2021. The Manager has concluded
that, due the relatively small number of Units outstanding, the
ongoing expenses allocable to the Units is disproportionately large
and it would be in the best interest of Unitholders to redeem the
Units for cash. The last day on which the Units (TSX: RIGU) will
trade on the Toronto Stock Exchange is November 30, 2021.
Russell Investments Canada Limited will continue to offer its
existing Series ETF units of Russell Investments Fixed Income Pool
(RIFI), Russell Investments Global Infrastructure Pool (RIIN) and
Russell Investments Real Assets (RIRA), which have been trading on
the TSX since January 22, 2020.
About Russell Investments Canada Limited
Russell Investments Canada Limited is a wholly owned subsidiary
of Russell Investments Group, Ltd. Established in 1985, Russell
Investments Canada Limited has its head office in Toronto.
About Russell Investments
Russell Investments is a leading outsourced CIO (OCIO) partner
and global investment solutions firm providing a wide range of
investment capabilities to institutional investors, financial
intermediaries, and individual investors around the world. Building
on an 85-year legacy of continuous innovation to deliver
exceptional value to clients, Russell Investments works every day
to improve the financial security of its clients. The firm is the
world’s fifth-largest investment adviser, with CAD$3.57 trillion in
assets under advisement (as of 12/31/2020) and CAD$410.6 billion in
assets under management (as of 6/30/2021) for clients in 32
countries. Headquartered in Seattle, Washington, Russell
Investments has offices in 18 cities around the world, including in
New York, London, Toronto, Tokyo, and Shanghai.
Please note: Not for distribution to U.S. newswire services
or for dissemination in the United States of America.
Russell Investments is the operating name of a group of
companies under common management, including Russell Investments
Canada Limited. Russell Investments' ownership is composed of a
majority stake held by funds managed by TA Associates, with a
significant minority stake held by funds managed by Reverence
Capital Partners. Russell Investments' employees and Hamilton Lane
Advisors, LLC also hold minority, non-controlling, ownership
stakes.
Copyright © Russell Investments Canada Limited 2021. All rights
reserved.
Frank Russell Company is the owner of the Russell trademarks
contained in this material and all trademark rights related to the
Russell trademarks, which the members of the Russell Investments
group of companies are permitted to use under license from Frank
Russell Company. The members of the Russell Investments group of
companies are not affiliated in any manner with Frank Russell
Company or any entity operating under the “FTSE RUSSELL” brand.
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version on businesswire.com: https://www.businesswire.com/news/home/20211025005736/en/
Steve Claiborne, newsroom@russellinvestments.com
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