Toronto-based SEI Investments Canada Company, a wholly owned subsidiary of SEI (NASDAQ: SEIC), announced today its intention to officially terminate five target date funds.
2015 Target Date Fund, 2020 Target Date Fund, 2025 Target Date Fund, 2030 Target Date Fund, and 2040 Target Date Fund will officially terminate no later than December 31.
Unitholders will continue to have the right to redeem their units in the funds prior to the termination date. All units not redeemed prior to the termination date will be automatically redeemed at that time.
SEI Canada is a wholly owned subsidiary of U.S.-based SEI (Nasdaq:SEIC) global provider of investment processing, fund processing, and investment management business services and products for corporations, financial institutions, financial advisors, and ultra-high-net-worth families.