TORONTO/VANCOUVER, June 27, 2011 /CNW/ -Northwest & Ethical Investments
L.P. ("NEI Investments") is
proud to announce today that it has received unitholder approval to
complete the mergers of the three
Credential EnRich Pools, as described below:
Credential EnRich Canadian Equity Pool
Ethical Canadian Dividend Fund
Credential EnRich US Equity Pool
Ethical American Multi‐Strategy Fund
Credential EnRich International Equity Pool
Northwest EAFE Fund
The mergers were approved by a majority of the votes cast at the
meetings of the three Credential EnRich Pools held earlier today.
The proposed mergers will be effective on or around the close of
business on Monday, June 27, 2011.
In addition, the proposed fixed administration fee for the NEI Income
Fund (formerly called the Credential EnRich Income Pool) also received
unitholder approval. The proposed fixed administration fee was approved
by a majority of the votes cast at the meeting of the NEI Income Fund
held earlier today.
Additional details regarding the fund mergers and the other changes are
set out in the Notice of Special Meetings and Management Information
Circular dated May 20, 2011, available at www.sedar.com.
ABOUT NEI INVESTMENTS
NEI Investments is a national investment firm with $5 billion in assets
under management. In simple terms, NEI Investments' mission is to
provide high quality, unique investment solutions. The Northwest Funds
and Ethical Funds product suites provide investors with a full range of
fund management styles as well as conventional and sustainable
NEI Investments is owned 50% by the Provincial Credit Union Centrals and
50% by Desjardins Group,
united in their focus to strengthen and serve the cooperative financial
movement across Canada. This
backing of experience and vast resources provides economies of scale and
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
For further information:
SVP, Legal, CCO & Corporate Secretary
Phone: 416 933‐6288
Phone: 416 933‐6268