Investors Group reports that unitholders approved a proposal to establish a fixed administration fee for Investors Group funds, at meetings held this morning.

The fixed administration fee, which will replace certain fund operating expenses, will take effect on October 1.

The iProfile Pools offered through the iProfile, Managed Asset Program, and most non-retail funds and series are excluded from the fixed administration fee proposal.

In addition, at meetings held today, unitholders of all mutual funds for which I.G. Investment Management, Ltd., is the trustee (with the exception of Investors Real Property Fund and the Pools under the iProfile, Managed Asset Program which will continue to be governed by their own unique Trust Declarations), approved the adoption of a Master Declaration of Trust for their funds which will simplify and make more consistent their future administration.