NEI Investments Now Offering Passive Foreign Investment Company (PFIC) Reporting Statements for US Taxpayers

TORONTO, Jan. 26, 2015 /CNW/ - NEI Investments "NEI" today announced that Passive Foreign Investment Company (PFIC) Annual Information Statements will be made available to U.S. taxpaying clients holding investments with NEI Investments. Reporting statements for the 2014 tax year are expected to be posted on the NEI website by March 2, 2015.

"We are pleased to be able to announce that PFIC reporting will now be available to our growing segment of U.S. taxpaying clients," said Mark Riden, Chief Financial Officer of NEI Investments. "This reporting will be available on all of NEI's funds and portfolios, providing complete flexibility when complying with U.S. tax filing requirements."

The PFIC reports issued by NEI will provide U.S. taxpaying clients with the option to treat certain NEI Fund holdings as Qualifying Electing Funds (QEFs) on their U.S. tax returns.

ABOUT NEI INVESTMENTS
NEI Investments is a national investment firm with over $6 billion in assets under management. It strives to offer Canadian retail investors unique access to top independent money managers through high quality investment solutions in two fund families, 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

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