No. If you're happy to move to the Private Market Fund, the upgrade will happen automatically on June 1, 2026. If you'd prefer not to migrate, you must opt out before the deadline only if you have a Private Equity account.

We'll send a follow-up email with a link and detailed instructions on how to opt out. The deadline to opt out is May 20, 2026, only if you have a Private Equity account.

If you don't opt out by May 20, 2026, your Private Equity account will be automatically migrated to the Private Market Fund on June 1, 2026.

If you opt out, your existing investments in the Private Equity fund will remain unchanged. However, you'll no longer be able to add new funds to this standalone investment. This fund will only be available through an Advisor after the migration.

On June 1, 2026, your units in the Private Equity and/or Private Credit funds will be redeemed, and the proceeds will be immediately reinvested into the new Private Market Fund. Your total invested amount won't change, only the fund structure. The transition is coordinated to minimize any time out of the market.

No, your account type will stay the same. The migration only affects which fund your money is invested in, not the account structure itself.

For registered accounts (RRSP, TFSA), there are no immediate tax implications from the fund switch.

For non-registered accounts, the switch is considered a deemed disposition. This means your current fund units are treated as being sold, and new Private Market Fund units are issued. If you have unrealized capital gains in your current fund, this may result in a taxable event in the year of the migration. We recommend speaking with a tax advisor if this applies to you.

No, we won't be administering any migrations past June 1, 2026. If you opt out of being migrated, you'd need to open a new Private Market Fund account, which would mean taking on the higher management fee that new accounts are set to have.

No, we won't be offering any advanced or custom liquidity options as part of the Private Market Fund migration. Redemptions requested prior to migration will continue as-is with no changes to the process or timelines leading up to June 1, 2026.