Empire Life Investments Inc. announces changes to certain Empire Life Emblem Portfolios

TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Empire Life Investments Inc., the manager of the Empire Life Mutual Funds (the "Manager"), is announcing that, effective December 5, 2022, it will terminate certain series of Empire Life Emblem Diversified Income Portfolio, Empire Life Emblem Conservative Portfolio, Empire Life Emblem Balanced Portfolio, Empire Life Emblem Moderate Growth Portfolio, Empire Life Emblem Growth Portfolio, Empire Life Emblem Aggressive Growth Portfolio and Empire Life Monthly Income Mutual Fund (the "Funds") as follows:

Empire Life Emblem Diversified Income Portfolio (Series A, T6, F);
Empire Life Emblem Conservative Portfolio (Series A, T6, F);
Empire Life Emblem Balanced Portfolio (Series A, T6, T8, F);
Empire Life Emblem Moderate Growth Portfolio (Series A, T6, T8, F);
Empire Life Emblem Growth Portfolio (Series A, T6, T8, F);
Empire Life Emblem Aggressive Growth Portfolio (Series A, T6, T8, F); and
Empire Life Monthly Income Mutual Fund (Series A, T6, T8, F).

Effective immediately, any Series A, Series T6, Series T8 and Series F of the Funds are closed to new purchases.

Investors may redeem their units of the Funds up to the close of business on December 5, 2022. The Manager will waive any redemption fees, sales charges or short-term trading fees for redemptions of units of the Funds.

Empire Life Investments Inc. will send a notice to each investor in the applicable series of the Funds regarding the termination.

About Empire Life Investments Inc.
Empire Life Investments Inc. is a wholly-owned subsidiary of The Empire Life Insurance Company. The company manages and offers mutual funds and is the portfolio manager of the Empire Life segregated funds, including the Empire Life Guaranteed Investment Funds. As of June 30, 2022 the company managed approximately $17 billion in assets. Follow Empire Life Investments on Twitter @EmpireLifeInv or visit empirelifeinvestments.ca for more information.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Empire Life Investments Inc. current expectations but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Empire Life Investments Inc. cannot assure that the forward-looking statements contained in this news release will be realized.

Documents (including press releases) regarding the various investment funds that are managed or advised by Empire Life Investments Inc. are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).

Contact:
Sherif Farid
Director, Investment Marketing and Communications
Empire Life
[email protected]
416 945 7466