Acuity closes Short Term Income Class

Acuity Funds, which was bought by AGF Funds at the end of November 2010, has announced today the termination of the Acuity Short Term Income Class. The decision reflects the small number of shareholders—fewer than 50—and its relatively low assets ($1.7 million).

Effective today, shares of the fund are no longer available for purchase and no management fees will be charged to the fund going forward.

Shareholders can redeem their shares, or switch their investment into any other fund within the Acuity corporate class structure or into a trust version of any other Acuity mutual fund.

Remaining shareholders in the fund will be redeemed on May 6, 2011, after which the fund will be terminated.

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