AMENDMENT NO. 2 DATED JULY 21, 2017 TO THE SIMPLIFIED PROSPECTUS DATED DECEMBER 12, 2016

Transcription

1 AMENDMENT NO. 2 DATED JULY 21, 2017 TO THE SIMPLIFIED PROSPECTUS DATED DECEMBER 12, 2016 In respect of Premium Class, Class F-Premium, and Class N-Premium units of: RENAISSANCE ULTRA SHORT-TERM INCOME PRIVATE POOL In respect of Premium Class, Premium-T4 Class, Premium-T6 Class, Class C, Class F-Premium, Class F-Premium T4, Class F-Premium T6, Class N-Premium, Class N-Premium T4, Class N-Premium T6, and Class I units of: RENAISSANCE CANADIAN FIXED INCOME PRIVATE POOL RENAISSANCE GLOBAL BOND PRIVATE POOL RENAISSANCE EQUITY INCOME PRIVATE POOL RENAISSANCE CANADIAN EQUITY PRIVATE POOL In respect of Premium Class, Premium-T4 Class, Premium-T6 Class, Class H-Premium, Class H-Premium T4, Class H-Premium T6, Class F-Premium, Class F-Premium T4, Class F-Premium T6, Class FH-Premium, Class FH-Premium T4, Class FH-Premium T6, Class N-Premium, Class N-Premium T4, Class N-Premium T6, Class NH-Premium, Class NH-Premium T4 units, and Class NH-Premium T6 units of: RENAISSANCE MULTI-SECTOR FIXED INCOME PRIVATE POOL RENAISSANCE GLOBAL EQUITY PRIVATE POOL RENAISSANCE REAL ASSETS PRIVATE POOL In respect of Premium Class, Premium-T4 Class, Premium-T6 Class, Class F-Premium, Class F-Premium T4, Class F-Premium T6, Class N-Premium, Class N-Premium T4, and Class N-Premium T6 units of: RENAISSANCE MULTI-ASSET GLOBAL BALANCED INCOME PRIVATE POOL RENAISSANCE MULTI-ASSET GLOBAL BALANCED PRIVATE POOL In respect of Class C, Premium Class, Premium-T4 Class, Premium-T6 Class, Class H-Premium, Class H-Premium T4, Class H-Premium T6, Class I, Class F-Premium, Class F-Premium T4, Class F-Premium T6, Class FH-Premium, Class FH-Premium T4, Class FH-Premium T6, Class N-Premium, Class N-Premium T4, Class N-Premium T6, Class NH-Premium, Class NH-Premium T4 units, and Class NH-Premium T6 units of: RENAISSANCE U.S. EQUITY PRIVATE POOL RENAISSANCE INTERNATIONAL EQUITY PRIVATE POOL RENAISSANCE EMERGING MARKETS EQUITY PRIVATE POOL (individually, a Pool and collectively, the Pools ) This is Amendment No. 2 to the simplified prospectus dated December 12, 2016 (the Simplified Prospectus ), as amended by Amendment No. 1 dated February 28, 2017, which should be read subject to this information. All capitalized terms used herein and not otherwise defined shall have the same meanings given to such terms in the Simplified Prospectus.

2 SUMMARY OF AMENDMENTS Effective September 1, 2017, CIBC Asset Management Inc. ( CAMI ), as Manager of the Pools, will: (1) reduce the minimum investment amount in respect of Premium Class, Premium-T4 Class, Premium-T6 Class, Class H-Premium, Class H-Premium T4, Class H-Premium T6, Class F-Premium, Class F-Premium T4, Class F- Premium T6, Class FH-Premium, Class FH-Premium T4, Class FH-Premium T6, Class N-Premium, Class N- Premium T4, Class N-Premium T6, Class NH-Premium, Class NH Premium T4, and Class NH-Premium T6 units of the Pools, except for Renaissance Real Assets Private Pool, from $150,000 to S100,000; (2) in respect of a Financial Group, reduce the amount at which the minimum investment amount in any combination of the Pools, is waived from $500,000 to $250,000; and (3) reduce the maximum annual management fee payable in respect of Premium Class, Premium-T4 Class, and Premium-T6 Class units of Renaissance Multi-Asset Global Balanced Income Private Pool. As a result, the Simplified Prospectus is amended as set out below. SPECIFIC AMENDMENTS Minimum Investment Amount Reduction and Financial Groups Minimum Investments Effective September 1, 2017, the disclosure in the table under the heading Minimum Investments on pages 13 and 14 in Part A of the Simplified Prospectus is deleted and replaced with the following disclosure: All Renaissance Private Pools except Renaissance U.S. Equity Currency Neutral Private Pool and Renaissance Real Assets Private Pool: Premium Class, Premium-T4 Class, Premium-T6 Class, Class H-Premium, Class H-Premium T4, Class H-Premium T6, Class F-Premium, Class F-Premium T4, Class F-Premium T6, Class FH-Premium, Class FH-Premium T4, Class FH-Premium T6, Class N-Premium, Class N-Premium T4, Class N-Premium T6, Class NH-Premium, Class NH-Premium T4, and Class NH- Premium T6 units. Renaissance Real Assets Private Pool: Premium Class, Premium-T4 Class, Premium-T6 Class, Class H-Premium, Class H-Premium T4, Class H-Premium T6, Class F-Premium, Class F-Premium T4, Class F-Premium T6, Class FH-Premium, Class FH-Premium T4, Class FH-Premium T6, Class N-Premium, Class N-Premium T4, Class N-Premium T6, Class NH-Premium, Class NH-Premium T4, and Class NH- Premium T6 units. All Renaissance Private Pools (as applicable): Minimum Initial Investment Minimum Additional Investment Minimum Regular Investment Under a Pre-Authorized Chequing Plan (1) $100,000 per Pool $100 per Pool $50 per Pool $10,000 $100 $50

3 Class A units $25,000 per Frontiers Portfolio $100 per Frontiers Portfolio (2) $100 per Frontiers Portfolio (2) Class C and Class I units $15,000 per Pool $100 per Pool $100 per Pool Class O, Class OH and Class S units We reserve the right to fix a minimum amount for initial investments or additional purchases at any time and, from time to time, as part of the criteria for approval. (1) Refer to Pre-Authorized Chequing Plan under Optional Services for more information. (2) Additional investments in Class A units of a Pool will be automatically allocated between the Pools according to the target asset mix of your Frontiers Portfolio. Refer to Frontiers Program under Additional Information for more information. Financial Groups The disclosure in bullet (i) in the third paragraph under the heading Financial Groups on page 14 in Part A of the Simplified Prospectus is deleted and replaced with the following disclosure: (i) Waiving of the minimum investment amount per eligible class per account if you and related family members hold accounts with $250,000 or more invested in eligible classes of units of one Pool or in any combination of the Pools. You may no longer benefit from the waiving of minimums, as described above, if, due to redemptions, your aggregated investment value falls below the $250,000 threshold. The disclosure in the second last paragraph under the heading Financial Groups on page 14 in Part A of the Simplified Prospectus is deleted and replaced with the following disclosure: If you have not already established a Financial Group, we will not automatically establish your account(s) as a Financial Group once the $250,000 threshold is reached. Redemptions The disclosure in the seventh paragraph under the heading Redemptions on page 16 in Part A of the Simplified Prospectus is deleted and replaced with the following disclosure: If you hold Premium, Premium T4, Premium T6, H-Premium, H-Premium T4, H-Premium T6, F-Premium, F-Premium T4, F-Premium T6, FH-Premium, FH-Premium T4, FH-Premium T6, N-Premium, N-Premium T4, N-Premium T6, NH- Premium, NH-Premium T4, and NH-Premium T6 units of a Pool, you must maintain a minimum balance of $100,000, except Renaissance Real Assets Private Pool, for which the minimum balance is $10,000. Systematic Withdrawal Plan The disclosure in the bullets under the heading Premium Class, Premium-T4, Premium-T6, H-Premium, H-Premium T4, H-Premium T6, F-Premium, F-Premium T4, F-Premium T6, FH-Premium, FH-Premium T4, FH-Premium T6, N-Premium, N-Premium T4, N-Premium T6, NH-Premium, NH-Premium T4, and NH-Premium T6 units on page 18 in Part A of the Simplified Prospectus is deleted and replaced with the following disclosure:

4 The total value of units of any individual Pool in your non-registered account must be at least $100,000 or, in the case of Renaissance Real Assets Private Pool, $10,000, to set-up and maintain a SW Plan and the regular withdrawal minimum is $50 per Pool; if you decide to discontinue your SW Plan and your investment in the Pool is below $100,000 or, in the case of Renaissance Real Assets Private Pool, $10,000, we may ask you to increase your investment to the minimum amount or redeem your remaining investment in the Pool. Impact of Sales Charges The disclosure in the first paragraph and table under the heading Impact of Sales Charges on page 24 in Part A of the Simplified Prospectus is deleted and replaced with the following disclosure: The table below shows the fees you would pay under the different sales charge options (if applicable) if you made an investment of $10,000 for Renaissance Real Assets Private Pool or $100,000 for all other Pools, and held that investment for one, three, five, or ten years, and redeemed the entire investment immediately before the end of that period. Sales Charge Option Front-end Load (1) All Renaissance Private Pools except Renaissance U.S. Equity Currency Neutral Private Pool and Renaissance Real Assets Private Pool At time of purchase ($) Deferred Sales Charge ($) Before the End of: 1 Year 3 Years 5 Years 10 Years $5,000 N/A N/A N/A N/A Renaissance Real Assets Private Pool $500 N/A N/A N/A N/A Back-end Load N/A N/A N/A N/A N/A Low Load N/A N/A N/A N/A N/A (1) Premium Class, Premium-T4 Class, Premium-T6 Class, Class H-Premium, Class H-Premium T4, and Class H-Premium T6 units. These examples assume the maximum possible sales charge of 5% is applied, although you may negotiate a lower charge with your dealer. Management Fee Reductions Effective September 1, 2017, the disclosure with respect to the Maximum annual management fee in the Pool Details section in Part B of the Simplified Prospectus in respect of the following classes of units of Renaissance Multi-Asset Global Balanced Income Private Pool is deleted and replaced as follows: Securities offered Maximum annual management fee Premium Class units 1.50% Premium-T4 Class units 1.50% Premium-T6 Class units 1.50%

5 PURCHASERS STATUTORY RIGHTS Securities legislation in some provinces and territories gives you the right to withdraw from an agreement to buy mutual funds within two business days of receiving the Simplified Prospectus or Fund Facts, or to cancel your purchase within 48 hours of receiving confirmation of your order. For a pre-authorized investment plan, you do not have this withdrawal right with respect to purchases of mutual fund units (after the initial purchase) where you do not request to receive subsequent Fund Facts and amendments. Securities legislation in some provinces and territories also allows you to cancel an agreement to buy mutual fund units and get your money back, or to make a claim for damages, if the Simplified Prospectus, Annual Information Form, Fund Facts, or financial statements misrepresent any facts about the mutual fund units. These rights must usually be exercised within certain time limits. For more information, refer to the securities legislation of your province or territory, or consult your lawyer.