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In this section, you will find an archive of our global and Canadian news releases for the last 12 months. Click on the link to view one of the news releases.

Little Free Library and Foresters Financial Build 77 Community Libraries

  • Dec 12, 2019

Foresters employees and member leaders assembled and decorated the Little Free Library boxes, filled them with books, then donated them to local neighborhoods

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Foresters Financial announces the sale of Foresters Life Insurance and Annuity Company to Nassau Financial Group

  • Oct 17, 2019

(October 17, 2019) — Foresters Financial™ (“Foresters”) today announces that it has entered into a definitive agreement with Nassau Financial Group, L.P., subsidiary Nassau Life Insurance Company (“NNY”), to acquire Foresters Financial Holding Company, Inc. and its subsidiary Foresters Life Insurance and Annuity Company (“FLIAC”). NNY and FLIAC are New York-domiciled life insurance companies...

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Foresters Financial to Offer Charitable Benefit Provision for its Term Life Insurance Portfolio in Canada

  • Aug 12, 2019

(Toronto, ON, August 12, 2019) – Foresters Financial™ (“Foresters”) today announced the addition of its Charitable Benefit Provision to its Term1 products in Canada. For Term insurance policyholders who select the benefit, Foresters will donate an additional 1% of the basic insurance amount...

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Foresters Financial selects its 2019 scholarship recipients

  • Jul 18, 2019

(Toronto, ON, July 18, 2019) – Foresters Financial™ today announced the recipients of its competitive academic scholarships for 2019...

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Foresters Financial announces 2019 dividend for Canadian participating certificate holders

  • Jun 07, 2019

(Toronto, ON, June 7, 2019) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $9 million for eligible1 participating Canadian certificate holders in 2019. The dividend investment rate in 2018 was 6.22 percent...

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Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Toronto Kids

  • Jun 01, 2019

Toronto, June 1, 2019 – The Toronto community was revitalized today thanks to a new playground built at Glamorgan Park. In just six hours, more than 300 volunteers from Foresters Financial™, the City of Toronto, Agincourt Community Services Association, and the national non-profit KaBOOM! created the new playspace...

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Foresters Financial Announces Agreement for Sale of its Canadian Asset Management Business to Fiera Capital

  • May 15, 2019

TORONTO – May 15, 2019 – Foresters Financial has entered into a definitive agreement with Fiera Capital Corporation (“Fiera Capital”) under which it will sell the outstanding shares of Foresters’ Canadian asset management business, Foresters Asset Management Inc. (“Foresters Asset Management”) to Fiera Capital...

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Foresters Financial bolsters its leadership as it refocuses on life insurance

  • May 08, 2019

(Toronto, ON, May 8, 2019) – Foresters Financial™ today announces the further bolstering of its senior leadership team with the appointment of its new Chief Operating Officer, Bruce Hodges, as the organization repositions itself to focus on its core life insurance business...

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Foresters offers Emergency Assistance to members in Ontario, Quebec and New Brunswick

  • Apr 30, 2019

Who: Foresters Financial™, a purpose-driven financial services provider committed to doing more for families and communities, is offering assistance to its eligible members affected by flooding in Ontario, Quebec and New Brunswick...

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Foresters Financial Announces Strategic Transactions

  • Apr 09, 2019

TORONTO – April 9, 2019 – Foresters Financial™ has entered into definitive agreements to sell assets related to its U.S. asset management business, including First Investors mutual funds, to Macquarie Investment Management (“Macquarie”), the investment manager of the Delaware Funds® by Macquarie family of funds, and its U.S. broker dealer and advisory business to Cetera Financial Group (“Cetera”)...

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Foresters Asset Management offering institutional pricing for its imaxx Short Term Bond Fund and imaxx Canadian Bond Fund

  • Dec 19, 2018

Foresters Asset Management Inc. (“FAM”), the manager of the imaxxFunds™, is pleased to announce that effective January 1, 2019, FAM will lower the management fee for Class F of the imaxx Short Term Bond Fund and Class F of the imaxx Canadian Bond Fund (the “Funds”), and will continue to absorb a portion of the Funds’ operating expenses in order to lower the Management Expense Ratio (“MER”)...

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Canada Post labour disruption

  • Oct 22, 2018

The Canadian Union of Postal Workers (CUPW) announced that it will hold rotating strikes at various locations beginning October 22, 2018. Canada Post continues to operate across Canada but the rotating strikes may slow mail delivery.

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Foresters Financial maintains A.M. Best “A” (Excellent) ratings

  • Oct 11, 2018

(Toronto, ON, October 11, 2018) – Foresters Financial™, an international financial services provider, has maintained its A.M. Best financial strength1 ratings...

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Foresters offers Emergency Assistance to members in Ontario and Quebec

  • Sep 28, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by the tornadoes in Ontario and Quebec...

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Foresters Financial and KaBOOM! Celebrate building 150 Playgrounds Together while Increasing Play Opportunities for Minneapolis Kids

  • Sep 22, 2018

Minneapolis, MN – The Minneapolis community was revitalized today thanks to a new playground built at Jenny Lind Elementary School. In just six hours, more than 200 volunteers from Foresters Financial™, Jenny Lind Elementary School and the national non-profit KaBOOM! created the new playspace...

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Celebrating 150 playgrounds

  • Sep 21, 2018

On Saturday, September 22, the Minneapolis community will be revitalized thanks to a new playground built at Jenny Lind Elementary School. Nearly 200 volunteers from Foresters, Jenny Lind and KaBOOM! will create the new playground, ultimately helping 1,300 children and their families in the local community for years to come...

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Foresters Financial announces winners of 2018 Competitive Scholarships in Canada and the United States

  • Aug 31, 2018

(Toronto, ON, August 31, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the 250 recipients of our 2018 Competitive Scholarships in North America...

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Foresters offers Emergency Assistance to members in British Columbia

  • Aug 24, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in British Columbia...

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Foresters Financial names Alvin Sharma as new Global Chief Financial Officer

  • Aug 24, 2018

(Toronto, ON, August 24, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of Alvin Sharma as our new Global Chief Financial Officer, effective September 17, 2018. He will be based in Toronto...

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Foresters Asset Management Inc. implements change to the investment objective of the imaxx Global Equity Growth Fund

  • Aug 21, 2018

(Toronto, ON, August 21, 2018) – Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund”), is pleased to announce that the change to the Fund’s investment objective that was approved at a special meeting of unitholders of the Fund held on May 15, 2018, takes effect today.

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Foresters offers Emergency Assistance to members in Ontario

  • Aug 10, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by wildfires in Ontario...

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Foresters Financial announces 2018 dividend for Canadian participating certificate holders

  • Jul 31, 2018

(Toronto, ON, July 31, 2018) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $8.5 million for eligible1 participating Canadian certificate holders in 2018. That’s up more than two percent from the $8.3 million disbursed in 2017. The dividend investment rate in 2017 was 6.43 percent...

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Foresters Financial and KaBOOM! Partner to Increase Play Opportunities for Edmonton Kids - Community Volunteers Build State-of-the-art Playground in Six Hours at Clara Tyner School

  • Jul 28, 2018

Edmonton, Alberta – The Edmonton community was revitalized today thanks to a new playground built at Clara Tyner School. In just six hours, more than 200 volunteers from Foresters Financial™, Clara Tyner School and the national non-profit KaBOOM! created the new playspace...

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Foresters offers Emergency Assistance to members in British Columbia

  • May 22, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in British Columbia...

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Foresters Financial releases 2017 annual report

  • May 17, 2018

(Toronto, ON, May 17, 2018) – Foresters Financial™, an international financial services company, is pleased to release its annual report to members. The magazine and digital version are called Moved to Action and include information on our grant programs, membership activities and 2017 financial results...

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change to the investment objective of the imaxx Global Equity Growth Fund

  • May 15, 2018

TORONTO, May 15, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the Fund), is pleased to announce that at the special meeting of unitholders of the Fund held today, the unitholders approved a change to the investment objective of the Fund...

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Foresters Financial appoints David Longfritz as new Global Chief Marketing Officer

  • May 04, 2018

(Toronto, ON, May 1, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the appointment of David Longfritz as its new Global Chief Marketing Officer, effective May 7, 2018.

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Foresters Financial wins prestigious IABC 2018 Gold Quill Award of Excellence for employee engagement

  • Apr 18, 2018

(Toronto, ON, April 18, 2018) – Foresters Financial™, an international financial services provider committed to doing more for families and communities, has won an International Association of Business Communicators (IABC) 2018 Gold Quill Award of Excellence in the communication management/employee engagement category...

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Foresters Asset Management announces proposed changes to imaxx™ Global Equity Growth Fund

  • Apr 13, 2018

TORONTO, April 13, 2018 - Foresters Asset Management Inc., the manager of the imaxx Global Equity Growth Fund (the “Fund"), announced today that it will seek the approval of unitholders to change the Fund to a global equity balanced mandate. The manager proposes to rename the Fund as the imaxx Global Fixed Pay Fund and to change the investment objective of the Fund to the following...

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Foresters Asset Management announces change to the monthly distribution rate for the imaxx™ Canadian Fixed Pay Fund

  • Apr 13, 2018

TORONTO, April 13, 2018 - Foresters Asset Management Inc. (“FAM” or the “Manager”), today announced changes to the distribution rate for the A8 and F8 classes of the imaxx Canadian Fixed Pay Fund (the “Fund”). These changes will take effect in June, 2018...

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Foresters offers Emergency Assistance to members in Brantford, Ontario

  • Feb 26, 2018

Who: Foresters Financial™, an international financial services provider committed to doing more for families and communities, is offering assistance to its members affected by flooding in Brantford, Ontario...

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Foresters Financial announces the inclusion of a Charity Benefit provision to recent enhancements to its Advantage Plus insurance product in Canada

  • Jan 02, 2018

(Toronto, ON, January 2, 2018) – Foresters Financial™, an international financial services provider, is pleased to announce the inclusion of an incomparable Charity Benefit provision to the recent enhancement to our Advantage Plus1 participating whole life insurance product in Canada.

 

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Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

1Description of member benefits that you may receive assumes you are a Foresters Financial member. In the United States members may currently only be anyone insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters. If you are not an insured under a life or health insurance certificate, or an annuitant under an annuity certificate, issued by The Independent Order of Foresters, or are not a social fraternal member, then you are not a member. Foresters member benefits are non-contractual, subject to benefit specific Eligibility requirements, Definitions and limitations and may be changed or cancelled without notice.

2All figures in Canadian dollars.

3This surplus comprising assets of $17.8 billion and liabilities of $15.8 billion represents excess funds above the amount required as legal reserves for insurance and annuity certificates in force and provides additional assurances to our members for our long term financial strength. Financial results as at December 31, 2018. All figures in Canadian dollars.

4 An “A” (Excellent) Financial Strength Rating is assigned to companies that have a strong ability to meet their ongoing obligations to policy holders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns rating from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In 2018 A.M. Best assigned each of The Independent Order of Foresters (IOF), Foresters Life Insurance Company (FLIC) and Foresters Life Insurance and Annuity Company (FLIAC) an “A” (Excellent) Financial Strength Rating. The rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of IOF, FLIC and FLIAC but does not apply to the performance of any non IOF, FLIC or FLIAC issues products. In assigning the ratings, A.M. Best stated that the outlook for all ratings is “stable”, which means they are unlikely to change in the near future assuming our financial strength is maintained and our operations grow. See ambest.com for the latest ratings.

5 In the United States, securities, life insurance and annuity products are offered through Foresters Financial Services, Inc. Insurance products are issued by Foresters Life Insurance and Annuity Company or The Independent Order of Foresters. In Canada, life insurance and annuity products are issued by Foresters Life Insurance Company or The Independent Order of Foresters while mutual funds are offered by Foresters Asset Management Inc. All products are not available in all jurisdictions.

6 In the United Kingdom, protection, savings, investment, pension and annuity products are provided by Forester Life Limited. In addition a subsidiary company Forester Fund Management Limited, trading under the brand The Children’s Mutual, provides a number of child savings products. All products are not available in all jurisdictions.

412526 CAN (03/19)

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