Connor, Clark & Lunn Managed Portfolios Inc. said Friday that CC&L Aggressive Equity Portfolio will be terminated on October 1.

Effective July 31, units of the portfolio are no longer available for purchase.

“The decision to terminate the portfolio was driven by a combination of the small number of unit holders, relatively low assets and the difficulty of maintaining the desired asset allocation for investors with such a small fund,” CC&L said in a release.

Prior to the portfolio’s termination, unit holders will have the option to redeem their investments or switch to another portfolio offered by CC&L Managed portfolios.

Unitholders who do not take action before October 1, will have the market value of their portfolio sent to them via cheque, the company says.

IE