Toronto-based NEI Investments, a division of Northwest and Ethical Investments L.P., is proposing to terminate NEI Northwest Enhanced Yield Equity Corporate Class, pending all necessary unitholder and regulatory approvals.

If the move is approved, unitholders of the proposed terminating fund will receive units of NEI Northwest Canadian Dividend Corporate Class on or about Sept. 16, the expected termination date for NEI Northwest Enhanced Yield Equity Corporate Class, according to an announcement released on Friday.

Any purchases of or switches to units of the terminating fund will be suspended after the close of business on Sept. 9. Unitholders of the terminating fund can continue to redeem units up to the close of business on the business day immediately before the termination date.

Pre-authorized payment plans and automatic withdrawal plans that were established for the terminating fund will be re-established for NEI Northwest Canadian Dividend Corporate Class unless affected unitholders advise otherwise.

Unitholders of both funds will be asked to approve the proposal at a meeting to be held on or about Aug. 30.

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