TORONTO, ON--(Marketwired - August 30, 2016) - NEI Investments today announced the following fund merger, effective on or about September 16, 2016.
PROPOSED FUND MERGER
| Terminating Fund | Continuing Fund |
| NEI Northwest Enhanced Yield Equity Corporate Class | NEI Northwest Canadian Dividend Corporate Class |
Purchases of, and switches to, shares of the Terminating Fund will be suspended after the close of business on September 9, 2016. Shareholders of the Terminating Fund continue to have the right to redeem shares up to the close of business on the business day immediately before the effective date of the merger noted above. Following the effective date of the merger, Pre-Authorized Payment Plans and Automatic Withdrawal Plans that were established with respect to the Terminating Fund will be re-established with respect to the Continuing Fund unless affected shareholders advise otherwise.
NEI Investments believes that the merger will be beneficial to the shareholders of the Terminating Fund and the Continuing Fund.
ABOUT NEI INVESTMENTS
NEI Investments is a national investment firm with approximately $6 billion in assets under management. It offers Canadian retail investors access to experienced money managers through a wide range of investment solutions in three fund families, NEI, Northwest Funds and Ethical Funds. Its products provide investors with a full range of investment management styles as well as conventional and socially responsible investment choices.
NEI Investments is owned 50% by the Provincial Credit Union Centrals and 50% by Desjardins Group. This backing of experience and resources allows NEI Investments to actively support business growth in these networks as well as independent advisor channels.
NEI Investments has offices in Toronto, Vancouver and Montreal.
Contact Information:
Media contact:
Colin Nekolaichuk
MAVERICK Public Relations
416-640-5525 ext. 253
colinn@wearemaverick.com