TORONTO, May 12, 2022
/CNW/ - Fidelity Investments Canada ULC today announced the
following terminations effective August 19,
2022 (the "Termination Date").
Terminating funds (hereafter referred to as the
"Funds"):
Fidelity Systematic
U.S. High Yield Bond ETF (Ticker: FCHY)
|
Fidelity Systematic
U.S. High Yield Bond ETF Fund
|
Fidelity Systematic
U.S. High Yield Bond Currency Neutral ETF (Ticker: FCHH)
|
Fidelity Systematic
U.S. High Yield Bond Currency Neutral ETF Fund
|
As part of its normal course of business, Fidelity regularly
reviews its product line-up with a goal of streamlining offerings
for investors. The decision to terminate the Funds was part of this
process.
Fidelity is committed to providing a seamless transition for
investors in the Funds.
Prior to the Termination Date, Fidelity Systematic U.S. High
Yield Bond ETF and Fidelity Systematic U.S. High Yield Bond
Currency Neutral ETF will declare, pay, and automatically reinvest
a final distribution to investors in these funds. The final regular
monthly distribution will be declared and paid in July 2022. Additionally, Fidelity Systematic U.S.
High Yield Bond ETF Fund and Fidelity Systematic U.S. High Yield
Bond Currency Neutral ETF Fund will also pay and automatically
reinvest a final distribution to its investors.
Investors in the Funds will be sent a notice of termination at
least 60 days prior to the Termination Date. Fidelity Systematic
U.S. High Yield Bond ETF and Fidelity Systematic U.S. High Yield
Bond Currency Neutral ETF are expected to be de-listed from the
Toronto Stock Exchange, at Fidelity's request, at the close of
business on or about August 19,
2022.
Investors will be able to switch into other Fidelity ETFs and/or
mutual funds or redeem their securities prior to the Termination
Date, subject to the procedures and requirements set out in the
relevant prospectus(es).
Fidelity encourages investors in the Funds to speak with their
financial advisors about the Terminations and to review their
options.
About Fidelity Investments Canada
ULC
At Fidelity, our mission is to build a better future for
Canadian investors and help them stay ahead. We offer investors and
institutions a range of innovative and trusted investment
portfolios to help them reach their financial and life goals.
As a privately-owned company, our people and world class
resources are committed to doing what is right for investors and
their long-term success. Our clients have entrusted us with
$189 billion in assets under
management (as at May 11, 2022) and
they include individuals, financial advisors, pension plans,
endowments, foundations and more.
We are proud to provide investors a full range of investment
solutions through mutual funds and exchange-traded funds, including
domestic, international and global equity, income-oriented
strategies, asset allocation solutions, managed portfolios,
sustainable investing and our high net worth program. Fidelity
Funds are available through a number of advice-based distribution
channels including financial planners, investment dealers, banks,
and insurance companies.
Read a fund's prospectus and consult your financial advisor
before investing. Exchange-traded funds are not guaranteed; their
values change frequently and past performance may not be repeated.
Commissions, management fees, brokerage fees and expenses may all
be associated with investments in exchange-traded funds and
investors and may experience a gain or loss.
Find us on social media @FidelityCanada
SOURCE Fidelity Investments Canada ULC