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NEI Investments Announces Termination of the NEI Generational Leaders Fund

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TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- NEI Investments ("NEI" or the "Manager") today announced its intention to terminate the NEI Generational Leaders Fund (the "Fund") on or about November 16, 2018 (the "Termination Date"). Unitholders will not be required to take any action in connection with the termination of the Fund.

Effective today, the Fund will be closed to any new purchases excluding existing pre-authorized payment plans which will continue until the Termination Date. In contemplation of the termination, a special distribution was paid on August 31, 2018 to all unitholders of record on August 30, 2018. Investors may redeem or switch their investments in the Fund into another NEI mutual fund until the close of business on November 15, 2018.  Investors will not be required to pay any redemption fees, short-term trading fees or switch fees upon redemption of their units or the termination of the Fund. If such redemption or switch instructions are not received by November 15, 2018, unitholders of the Fund on the Termination Date

In non-registered accounts – will be paid cash equal to the net asset value of their units in the Fund;

In registered accounts – will receive units of equivalent value in the NEI Money Market Fund

A notice will be sent to each unitholder in the Fund regarding the termination. NEI encourages unitholders of the Fund to consult with their advisor to understand the financial and tax implications of the termination of the Fund and to determine the solution that best suits their investment needs and personal situation.

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 across its fund family. Its products provide investors with a full range of investment management styles and a focus on responsible investment solutions.

The general partner of the Manager, Northwest & Ethical Investments Inc., is a wholly-owned subsidiary of Aviso Wealth Inc. ("Aviso"). 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.

NEI Investments has offices in Toronto, Vancouver and Montreal.

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to the future outlook of the NEI Funds and anticipated events or results and may include statements regarding the future financial performance of the NEI Funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

Media contact:
ConnieBurke
infinitycomm
connie@infinitycomm.ca
Office: 9052575555

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