Le Lézard
Classified in: Business
Subject: FVT

Federated Investors Canada ULC announces one-day suspension of redemptions on Dec. 5, 2018


TORONTO, Dec. 4, 2018 /CNW/ -- In connection with the national day of mourning that has been declared in the United States in honor of the late President George H.W. Bush, Federated Investors Canada ULC today announced that on Dec. 5, 2018, Federated Strategic Value U.S. Equity Dividend Fund is suspending the right of fund shareholders to request that the fund redeem its securities.  The redemption right will only be suspended on Dec. 5, 2018, and the fund will resume fulfilling redemption requests and new purchase orders on Dec. 6, 2018.

On the national day of mourning Wednesday, Dec. 5, normal trading will be suspended on certain U.S. exchanges where securities trade that represent more than 50 percent by value of the total assets of the fund without allowance for liabilities. For this reason, Federated has determined that it is in the best interests of the fund to suspend, for the whole of the suspension date, the redemption right, in accordance with National Instrument 81-102 ? Investment Funds.

The payment by the fund of redemption proceeds the fund has an obligation to pay for shares that have been redeemed is postponed during the suspension date. No purchase order for fund shares will be accepted during the suspension date.

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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $437.2 billion in assets as of Sept. 30, 2018.  With 129 funds and a variety of separately managed account options, Federated provides comprehensive investment management to more than 9,600 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers around the world.  For more information, visit FederatedInvestors.com.

 

                                                                                                                                                                 

SOURCE Federated Investors, Inc.


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