Russell Investments Announces Proposed Fund Mergers

TORONTO–(BUSINESS WIRE)–Russell Investments Canada Limited (the “Manager”) announced today that it proposes to merge Russell Investments Global Unconstrained Bond Pool, Russell Investments Global Unconstrained Bond Class and Russell Investments Global Credit Class (each a “Terminating Fund”) into Russell Investments Global Credit Pool (the “Continuing Fund”).

The merger of Russell Investments Global Unconstrained Bond Pool will be implemented by selling the assets of the Terminating Fund to the Continuing Fund in return for units of the Continuing Fund. The Terminating Fund’s units then will be redeemed and each investor’s units of the Terminating Fund will be exchanged for a proportionate number of units of an equivalent series of the Continuing Fund.

The mergers of Russell Investments Global Unconstrained Bond Class and Russell Investments Global Credit Class will be implemented by redeeming the shares of the Terminating Fund in return for a proportionate number of units of an equivalent series of the Continuing Fund.

Each merger will result in taxable dispositions of all units or shares of the Terminating Fund held by its investors. The Manager expects that this will not result in a material tax liability for most investors.

The investors of each Terminating Fund will be asked to approve its merger at special meetings to be held on or about November 13, 2023. The mergers of Russell Investments Global Unconstrained Bond Pool and Russell Investments Global Unconstrained Bond Class will proceed and take effect on or shortly after December 1, 2023, only if both mergers receive all required approvals. The merger of Russell Investments Global Credit Class will proceed and take effect on or shortly after December 1, 2023, if approved by its shareholders, regardless of whether any other merger is approved. Following each merger, the Terminating Fund will be wound up as soon as reasonably possible.

On or prior to the effective date of the mergers, the Manager will suspend purchases of units and shares of the Terminating Funds. Investors will have the right to redeem units and shares of the Terminating Funds up to the close of business on the effective date of the mergers. Following the mergers, all optional plans, including pre-authorized purchase programs, automatic withdrawal plans, systematic switch programs and automatic rebalancing services, which were established with respect to the Terminating Funds will be re-established in comparable plans with respect to the Continuing Fund unless investors advise otherwise. Units of the Continuing Fund received by an investor of a Terminating Fund as a result of its merger will be subject to the same deferred sales charge (if any) applicable to the units or shares of the Terminating Fund they replace.

About Russell Investments Canada Limited

Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. Established in 1985, Russell Investments Canada Limited has its head office in Toronto.

About Russell Investments

Russell Investments is a leading global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 86-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm has more than C$394 billion in assets under management (as of 6/30/2023) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world, including New York, London, Toronto, Tokyo, and Shanghai. For more information, please visit www.russellinvestments.com/ca.

Nothing in this publication is intended to constitute legal, tax securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. This is a publication of Russell Investments Canada Limited and has been prepared solely for information purposes. It is made available on an “as is” basis. Russell Investments Canada Limited does not make any warranty or representation regarding the information.

Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited. Russell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments’ employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

Copyright © Russell Investments Canada Limited 2023. All rights reserved.

Not for distribution to U.S. newswire services or dissemination in the United States.

CORPCA-00573

Contacts

Steve Claiborne, 206-505-1858, [email protected]