Lifting suspension on the Canada Life real estate fund  

As you know, in January we partially lifted the temporary suspension on the real estate fund to allow contributions and transfers into the fund. We’re pleased to inform you that on April 19, 2021, the current suspension on transfers out and redemptions from the real estate fund will also be lifted and the fund will return to normal operations. This means investors can continue to purchase units of the fund or request a transfer or redemption of the value of their fund units on a daily basis. 

Clients will receive notice that the suspension has been lifted starting the week of April 12. This notice directs the client to contact their advisor if they wish to restart contributions that were stopped as a result of the temporary suspension.  Clients wishing to adjust payments or restart systematic transactions will also need to submit new requests as we are not able to automatically resume them.

A sound investment 

The Canada Life real estate fund continues to be a unique way to diversify an investment portfolio. The fund invests in high-quality properties that generate long-term income. It has performed well over time and continues to be an excellent component of a well-balanced portfolio for these reasons: 

• A unique diversifier that provides less exposure to wide swings of equity markets 
• A long history of stable returns, with property income as a primary source of performance 
• Holdings that are high quality and widely diversified  
• Professional fund management 

What’s next

Please join us on Friday, April 9 at 1 p.m. ET for an update on the real estate fund and the lifting of the suspension. Click here to register.

During the call, you’ll hear:

• An update on the real estate fund from Steve Marino, SVP Portfolio Management, GWL Realty Advisors  
• An overview of the suspension lifting process

We’ll be taking questions during the call through online submission. Visit www.slido.com and enter the following code #CLREF.  

Additional information  

• To learn more, check out the resources page.
• Updated commentary and information about the fund is always available in the Learn more section at the bottom of the GWL Realty Advisors website. 

Canada Life’s decision to suspend activity on the fund due to market conditions caused by COVID-19 was done in the best interest of investors. Now that we have appropriate confidence in the valuation of the properties held by the fund and the fund’s cash levels to meet operational commitments, we can fully lift the temporary suspension.

We thank you for your patience during this process.