Sun Life Global Investments (Canada) announced June 8 the closure of Excel Money Market Fund. This decision was made after a proposed merger of Excel Money Market Fund into Sun Life Money Market Fund did not receive the necessary unitholder votes required to proceed.

Hard capped to new investors

Excel Money Market Fund was hard capped to new investors as of June 8. The fund will be closed effective 4:01 p.m. ET on June 15. Unitholders of Excel Money Market Fund will be able to redeem or switch securities until 4:01 p.m. ET on June 14.