For those who:
The fund seeks to provide unitholders with guaranteed, sustainable cash flow throughout their retirement years while providing opportunity for capital appreciation. During the initial 5 year accumulation phase and the 20 year distribution phase, the fund will invest in units of underlying funds, exchange traded funds, cash equivalents as well as derivative instruments in the risk management overlay strategy (Active Portfolio). If the fund assets shift to the Protection portfolio, the fund will invest in fixed income securities issued by the Canadian federal and/or provincial governments and cash equivalents. A shift of all fund assets into the Protection Portfolio would only occur as a result of a significant decline in interest rates, fund performance, or both during the term of the fund.
July 2, 2013 to September 30, 2013
October 1, 2013 to September 30, 2018
October 1, 2018 to September 30, 2038
October 1, 2038
$500 initial / $25 additional