Payout of redemption requests for the Canada Life real estate fund Thank you for your continued support during the temporary suspension on the Canada Life real estate fund. We’re pleased to inform you that on March 12, 2021, we’ll process the redemption requests and will be able to pay out 100% of the total amount requested. Payments will be made using the unit value on March 12, which may be higher or lower than on the date of request. Clients will receive details of this transaction on confirmation notices being mailed, starting March 15, 2021. Funds affected - London Life Real Estate Fund 2.17G (LLREF)
- Great-West Life Canadian Real Estate Investment Fund No. 1 (CREIF)
- Canada Life Real Estate Fund (GWLRA) SF353
What’s next Once we’ve completed the payout on March 12, we’ll do an assessment of the cash available in the fund and future operational commitments of the fund and determine if it’s appropriate to lift the suspension on redemptions. This remains a top priority for us, and we’ll continue to keep you informed. In the meantime - Clients can continue to contribute to the real estate fund. Any amount they contribute or transfer into the fund will be subject to the temporary suspension of redemptions.
- The suspension remains in place for redemptions and transfers from the fund while we continue to monitor cash levels of the fund.
Additional information | 