PFSL Fund Management Canada Ltd (“PFSL”), the investment fund manager and trustee of the Primerica Concert Allocation Series fundsCM (fund “Primerica ConcertCM ), which has more than $4.6 billion in assets under management, as of May 31, 2022, today announced that effective July 6, 2022, Primerica Concert FundsCM will only be offered to existing customers on a limited basis. Specifically, Primerica Concert FundsCM will continue to accept pre-authorized debit purchases made as part of a systematic investment program, cash-outs, client-initiated transactions, switches, rebalancing requests, and any other transactions at the discretion of the Primerica Concert FundsCM. Transactions from new clients may again be accepted at any time at the discretion of the Primerica Concert FundsCM.
PFSL will continue to actively manage and monitor the Primerica Concert fundsCM to achieve a superior return in accordance with the objective and strategy of each investment in the Primerica Concert fundsCM. In addition, LifeWorks Investment Management Ltd. will continue to advise on the asset allocation of Primerica Concert fundsCMwhile AGF Investments Inc. will continue to advise on the day-to-day operations required to implement the specific recommendations on the underlying funds.
About PFSL Funds Management Canada Ltd.
PFSL Fund Management Canada Ltd. (PFSL) is an investment manager and a subsidiary of Primerica Financial Services (Canada) Ltd. The Primerica group of companies, including PFSL’s parent company, PFSL Investments of Canada Ltd., a mutual fund dealer, and Primerica Life Insurance Company of Canada, has gradually become a significant player in the financial services in Canada. PFSL manages all day-to-day business and operations, provides administrative services and is responsible for all investment decisions.
About Primerica Inc.
Primerica Inc. is a leading provider of financial products to middle-income families in the United States and Canada. Primerica representatives educate clients on how to best prepare for their financial future by assessing their needs and providing the right solutions through term life insurance, mutual funds, annuities and more. financial products. Additionally, Primerica insured the lives of more than 5.7 million people and managed more than 2.7 million investment accounts as of December 31, 2021. Primerica was ranked the second-largest provider of term life insurance in North America. North in 2021 through its affiliates. Primerica’s stock is included in the S&P 400 Mid-Cap Index and the Russell 1000 Index, and trades on the New York Stock Exchange under the symbol “PRI”.
About PFSL Investments of Canada Ltd.
PFSL Investments of Canada Ltd. is a member of the Primerica Canada group of companies (“Primerica”), which includes The Primerica Life Insurance Company of Canada (“CAVPC”) and PFSL’s wholly-owned subsidiary, PFSL Funds Management Ltd. (“PFSL”). PFSL Investments of Canada Ltd. is a member of the Mutual Fund Dealers Association of Canada (MFDA) and the Autorité des marchés financiers (“the Authority”) in Quebec. The Primerica companies are related parties, with common ownership and management.
Certain statements contained in this press release are forward-looking. Statements herein that are not historical data are forward-looking statements and involve known and unknown risks, uncertainties and other matters that may cause actual performance, achievements or results to differ materially from the performance, expected future results or achievements that are expressly or impliedly referred to in forward-looking statements. There is no guarantee that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to misinterpret these forward-looking statements as truthful.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20220711005886/en/