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PFSL Fund Management Ltd. Announces Risk Rating Change for Primerica Income Fund

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PFSL Fund Management has announced a risk rating change for the Primerica Income Fund from 'low' to 'low to medium'. This adjustment follows the Canadian Securities Administrators' risk rating methodology and PFSL's periodic review of its publicly-offered mutual funds. The Fund's investment objective, strategies, and management remain unchanged. The updated risk rating will be incorporated into the Fund's offering documents in compliance with securities laws.

PFSL Fund Management ha annunciato un cambiamento nella valutazione del rischio per il Primerica Income Fund, passando da 'basso' a 'basso-medio'. Questa modifica segue la metodologia di valutazione del rischio degli Amministratori di Valori Mobiliari del Canada e la revisione periodica di PFSL dei suoi fondi comuni offerti al pubblico. L'obiettivo, le strategie e la gestione del fondo rimangono invariati. La valutazione del rischio aggiornata sarà incorporata nella documentazione del fondo in conformità con le leggi sui valori mobiliari.

PFSL Fund Management ha anunciado un cambio en la calificación de riesgo del Primerica Income Fund, de 'bajo' a 'bajo-medio'. Este ajuste sigue la metodología de calificación de riesgo de los Administradores de Valores de Canadá y la revisión periódica de PFSL de sus fondos mutuos ofrecidos al público. El objetivo de inversión, las estrategias y la gestión del fondo permanecen sin cambios. La calificación de riesgo actualizada se incorporará a la documentación del fondo en cumplimiento con las leyes de valores.

PFSL 펀드 관리Primerica Income Fund의 위험 등급을 '낮음'에서 '낮음-보통'으로 변경했다고 발표했습니다. 이 조정은 캐나다 증권 관리국의 위험 등급 방법론과 PFSL의 공개적으로 제공되는 뮤추얼 펀드에 대한 정기 검토에 따른 것입니다. 펀드의 투자 목표, 전략 및 관리는 변하지 않습니다. 업데이트된 위험 등급은 증권 법률에 따라 펀드의 제공 문서에 통합될 것입니다.

PFSL Fund Management a annoncé un changement de notation de risque pour le Primerica Income Fund, passant de 'faible' à 'faible à moyen'. Cet ajustement suit la méthodologie de notation de risque des Autorités canadiennes en valeurs mobilières et la révision périodique de PFSL de ses fonds mutuels offerts au public. L'objectif d'investissement, les stratégies et la gestion du fonds demeurent inchangés. La notation de risque actualisée sera intégrée dans les documents d'offre du fonds conformément aux lois sur les valeurs mobilières.

PFSL Fund Management hat eine Änderung der Risikobewertung für den Primerica Income Fund von 'niedrig' auf 'niedrig bis mittel' angekündigt. Diese Anpassung folgt der Risikobewertungsmethodik der kanadischen Wertpapieraufsichtsbehörden und der periodischen Überprüfung von PFSL seiner öffentlich angebotenen Investmentfonds. Die Anlageziele, Strategien und das Management des Fonds bleiben unverändert. Die aktualisierte Risikobewertung wird in die Angebotsunterlagen des Fonds gemäß den Wertpapiergesetzen aufgenommen.

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  • None.
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  • Risk rating increased from 'low' to 'low to medium', potentially affecting risk-averse investors

MISSISSAUGA, Ontario--(BUSINESS WIRE)-- PFSL Fund Management Ltd. (PFSL) announced today that it has changed the risk rating for Primerica Income Fund (the Fund) from "low" to "low to medium”. The change is a result of the risk rating methodology mandated by the Canadian Securities Administrators and the periodic review by PFSL to determine the risk level of its publicly-offered mutual funds. No material changes have been made to the investment objective, strategies or management of the Fund as a result. The change of the risk rating will be reflected in the Fund’s offering documents, which will be completed in accordance with applicable securities laws.

About PFSL Fund Management Ltd.

PFSL Fund Management Ltd. (PFSL) is an investment manager and subsidiary of Primerica Financial Services (Canada) Ltd. The Primerica family of companies, including PFSL’s parent company, PFSL Investments Canada Ltd., a mutual fund dealer, and Primerica Life Insurance Company of Canada, has become an increasingly important participant in the Canadian financial services sector. PFSL manages the overall day-to-day affairs and operations, provides administrative services and is responsible for all investment decisions.

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.7 million lives and had over 2.9 million client investment accounts on December 31, 2023. Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in the United States and Canada in 2023. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.

About PFSL Investments Canada Ltd.

PFSL Investments Canada Ltd. is a member of the Primerica Canada group of companies (Primerica), which includes Primerica Life Insurance Company of Canada (PLICC) and PFSL’s wholly owned subsidiary, PFSL Fund Management Ltd. (PFSL). The Primerica companies are related parties, with common ownership and management.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.

Gana Ahn

Public Relations

gana.ahn@primerica.com

Source: Primerica, Inc.

FAQ

What is the new risk rating for Primerica Income Fund?

The Primerica Income Fund's risk rating has been changed from 'low' to 'low to medium' as announced by PFSL Fund Management.

Has the investment objective of Primerica Income Fund changed with the new risk rating?

No, there have been no material changes to the Fund's investment objective, strategies, or management despite the risk rating change.

Why did PFSL change the Primerica Income Fund's risk rating?

The change resulted from the risk rating methodology mandated by the Canadian Securities Administrators and PFSL's periodic review of its publicly-offered mutual funds.

Where will the new risk rating be documented for Primerica Income Fund?

The new risk rating will be reflected in the Fund's offering documents, which will be updated in accordance with applicable securities laws.

PRIMERICA, INC.

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