TORONTO, May 8, 2024 /CNW/ - Counsel Portfolio Services Inc. ("Counsel") today announced a risk rating change for Counsel U.S. Growth (the "Fund") effective today.

Counsel reviews and adjusts risk ratings in accordance with the Canadian Securities Administrators' (CSA) Risk Classification Methodology. The risk rating change is not a result of changes to the investment objectives, strategies, or management of the Fund.

About Counsel Portfolio Services Inc. 
Counsel is a subsidiary of Investment Planning Counsel Inc. ("IPC Inc."). With $4.7 billion in assets under management as at April 30, 2024, Counsel provides comprehensive, objective portfolio solutions utilizing the strength and expertise of third-party portfolio managers. Counsel, through IPC Inc., is a wholly owned subsidiary of The Canada Life Assurance Company ("Canada Life"). Canada Life is a subsidiary of Great-West Lifeco Inc. (TSX: GWO) and a member of the Power Corporation of Canada group of companies.

SOURCE Counsel Portfolio Services Inc.

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