
"We have undertaken this temporary measure in order to protect the interests of our investors," said Gordon Forrester, executive vice president, marketing and product, head of retail. "Until we receive clarification on these new regulations, we believe the prudent move for us is to protect existing shareholders from any potential uncertainty."
Other funds families offer these funds. They also give you the freedom to rebalance investments in a non-registered portfolio, without triggering capital gains (and an immediate tax liability) when you switch. I guess the feds see this as sort of a shell game ... a loophole to be closed so that everyone pays as they go.