TORONTO, Aug. 8, 2024
/CNW/ - NEI Investments ("NEI") has announced a proposed change to
streamline its investment fund lineup by merging NEI U.S. Dividend
Fund into NEI U.S. Equity RS Fund. This change is subject to
approval of applicable unitholders at a meeting to be held on or
about October 23, 2024.
In advance of the meeting, a notice and access document will be
mailed on September 16, 2024 to
unitholders of record as at September 3,
2024. The notice and access document and management
information circular will also be available on SEDAR+ at
www.sedarplus.ca and at www.neiinvestments.com.
Subject to unitholder approval, the implementation of the change
is expected on or about November 15,
2024. At that time, the NEI U.S. Dividend Fund will be
terminated as will the sub-advisor agreement between NEI
Investments and River Road Asset Management LLC to manage the NEI
U.S. Dividend Fund. There will be no change to NEI U.S. Equity
RS Fund's sub-advisor, prospectus risk ratings, distribution
policies, or series availability as a result of the proposed
merger.
About NEI
NEI Investments is part of the asset management arm of Aviso
Wealth Inc. ('Aviso'), one of Canada's leading wealth services suppliers,
NEI Investments holds over $11
billion in asset under management. NEI adopts a
differentiated approach to achieving investment returns for
Canadians, leveraging a unique structure that includes a global
network of money managers, proprietary investment management and
asset allocation and a dedicated responsible investing team. This
structure is designed to optimally respond to the dynamics of our
changing world, uncover unique investment opportunities, and
deliver a broad array of investment outcomes with financial growth
at the core.
About Aviso
Aviso is a leading wealth services provider for the Canadian
financial industry, with over $130 billion in total
assets under administration and management. We're building a
technology-enabled, client-centric wealth management ecosystem. Our
clients include our partners, advisors and investors. We're a
trusted partner for nearly all credit unions across Canada, in
addition to a wide range of portfolio managers, investment dealers,
insurance and trust companies, and introducing brokers. Our
partners depend on Aviso for specific solutions that give them a
competitive edge in a rapidly evolving, highly competitive
industry. Our dual-registered investment and mutual fund dealer and
our insurance services support thousands of investment advisors.
Our asset manager oversees a growing lineup of investment
solutions, including NEI funds and portfolios, and separately
managed accounts with our Managed Assets Program. Our online
brokerage, Qtrade Direct Investing®, empowers self-directed
investors, and our fully automated investing service, Qtrade Guided
Portfolios®, serves investors who prefer a hands-off approach.
Aviso Correspondent Partners provides custodial and carrying broker
services to a wide range of firms. Aviso is backed by the
collective strength of our owners: the credit union Centrals,
Co-operators/CUMIS, and Desjardins. We're proud to power businesses
that empower investors. For more information visit aviso.ca.
Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of
Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial
Holding Inc. and 50% by a limited partnership owned by the five
Provincial Credit Union Centrals and The CUMIS Group Limited. The
following entities are subsidiaries of Aviso: Aviso Financial Inc.
(including divisions Aviso Wealth, Qtrade Direct Investing, Qtrade
Guided Portfolios, Aviso Correspondent Partners), Aviso Insurance
Inc., Credential Insurance Services Inc. and Northwest &
Ethical Investments L.P. Aviso Correspondent Partners is a division
of Aviso Financial Inc., which is a wholly owned subsidiary of
Aviso Wealth Inc. Online brokerage services are offered through
Qtrade Direct Investing. Mutual funds and other securities are
offered through Aviso Wealth. Qtrade Direct Investing, Qtrade
Guided Portfolios and Aviso Wealth are divisions of Aviso Financial
Inc. Aviso and Aviso Wealth are registered trademarks of Aviso
Wealth Inc. NEI Investments is a registered trademark of Northwest
& Ethical Investments L.P. Qtrade Direct Investing and Qtrade
Guided Portfolios are trade names and registered trademarks of
Aviso and its subsidiaries.
NEI Investments is a registered trademark of Northwest &
Ethical Investments L.P. ("NEI LP"). Northwest & Ethical
Investments Inc. is the general partner of NEI LP and a
wholly-owned subsidiary of Aviso Wealth Inc. ("Aviso"). Aviso is
the sole limited partner of NEI LP. Aviso is a wholly-owned
subsidiary of Aviso Wealth LP, which in turn is owned 50% by
Desjardins Financial Holding Inc. and 50% by a limited partnership
owned by the five Provincial Credit Union Centrals and The CUMIS
Group Limited.
SOURCE NEI Investments