TORONTO, Aug. 31, 2015 /CNW/ - NEI Investments ("NEI") today announced that it has received securityholder approval for its proposal to merge certain mutual funds. The changes were approved by a majority of votes cast in respect of the trust funds and 66 2/3 per cent of the votes cast in respect of the corporate class funds at the special meetings of securityholders held on August 31, 2015.
The following mergers will be effective on or about September 14, 2015.
| Terminating Fund |
Continuing Fund |
| NEI Income Fund |
NEI Canadian Bond Fund |
| NEI Northwest Specialty High Yield Bond Fund |
NEI Northwest Specialty Global High Yield Bond Fund |
| NEI Northwest Macro Canadian Equity Fund |
NEI Northwest Macro Canadian Asset Allocation Fund |
| NEI Northwest Macro Canadian Equity Corporate Class |
NEI Northwest Macro Canadian Asset Allocation Corporate Class |
| NEI Select Global Balanced Portfolio |
NEI Select Balanced Portfolio |
| NEI Select Global Growth Portfolio |
NEI Select Growth Portfolio |
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.
SOURCE NEI Investments
Media contact: Colin Nekolaichuk, MAVERICK Public Relations, 416-640-5525 ext. 253, [email protected]
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