Legg Mason Canada Inc. decided to cease offering and terminate the Private Investor Series of the Legg Mason Canadian Sector Equity Fund.
The series will be terminated on or about August 30, at which point the investments attributable to the series will be liquidated and the net assets returned to unitholders.
Investors can change their investments to the Legg Mason Core Equity Fund-which shares similar investment objectives with the terminated fund and is an eligible investment for registered retirement income funds, registered retirement savings plans, registered education savings plan and deferred profit sharing plans-or redeem their units free of fees until August 29.