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Foresters Financial completes acquisition of Aegon Capital Management, Aegon Fund Management

Foresters Financial has completed an agreement with Proj FoxAcquisition Inc. toacquire 100% of the shares of Aegon Capital Management Inc. andAegon Fund Management Inc.

All required Canadian regulatory approvals have beenreceived.

Through the transaction, Foresters Financial has acquiredAegon Capital Management's third-party business, imaxx mutual funds, and willcontinue managing the investments backing the segregated products, generalaccount and corporate assets of ivari. The entities involved in the transactionhad funds under management totaling about C$44 billion, as of Dec. 31, 2015.

Aegon Capital Management will become Foresters AssetManagement Inc. and Aegon Fund Management will become Foresters FinancialInvestment Management Co. of Canada Inc. The names of the imaxxFunds have notchanged as a result of the acquisition, according to a May 5 news release.

Foresters Financial and Foresters are trade names and trademarksof Independent Order ofForesters and its units.