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DGI Balanced Fund closed to new investors

TheShadowTheShadow
edited May 2021 in Fund Discussions
https://www.sec.gov/Archives/edgar/data/1843841/000158064221002475/dgi497s.htm

(DGTIX, DGINX, DGIBX)

497 1 dgi497s.htm 497
SUPPLEMENT DATED MAY 24, 2021

TO THE PROSPECTUS

AND STATEMENT OF ADDITIONAL INFORMATION

DATED MAY 21, 2021

OF DGI BALANCED FUND (the “Fund”)

(a series of the DGI Investment Trust)

Effective May 24, 2021, the Fund will be closed to new investors and, except as discussed below, will be closed to new sales until further notice. Existing investors who had a pre-existing periodic investment plan through their individual retirement account (“IRA”) or who submitted a rollover request on or before May 17, 2021 may continue to invest in accordance with that plan or rollover request. Also, existing investors who hold their shares in the Fund through an IRA will continue to have their dividends and other distributions reinvested in the Fund. The Fund may restrict, reject or cancel any purchase order and reserves the right to modify this policy at any time.

Please Retain This Supplement For Future Reference.

_________________________________________________________________________________________________________

http://www.dgifund.com/

Comments

  • Roy
    Email response from DGI says their balanced mutual fund, DGIFX is still open.
  • msf
    edited June 2021
    Different fund. DGI Balanced is a fund offered through Oriental Bank (San Juan, PR) that is intended as a replacement for the bank's Diversified Growth IRA (hence "DGI"). That plan, and likely the DGI Balanced fund are "only for individuals that are residents of Puerto Rico."

    The transition appears to be in response to regulatory changes:
    On May 24, 2021, the Puerto Rico Diversified Tax Managed Total Return IRA Trust (the “IRA Trust”) will no longer be able to operate as an unregistered investment company as a result of an amendment to the U.S. Investment Company Act of 1940. As such, on or before such date, all the investments held by the IRA Trust will be transferred to the DGI Balanced Fund in exchange for shares in the DGI Balanced Fund that will be allocated to your account with the IRA Trust.
    https://orientalbank.com/en/for-you/ira-accounts/diversified-growth-ira/
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