Northwest & Ethical Investments L.P. Thursday announced the approval of all proposals submitted to the vote of securityholders of the Northwest, Ethical, Credential, Credential EnRich and Northwest Corporate Class families of funds.

The company had asked securityholders to approve several proposed fund mergers. On or about October 23, each terminating fund will merge into the corresponding continuing fund. Certain funds will also be renamed. A complete list of the affected funds is available below.

The proposal to establish a fixed administration fee for most of the Northwest, Ethical, Credential and Northwest Corporate Class families of funds to replace variable operating expenses was also approved at meetings held on October 14 and 15.

Once implemented, the MER for each of the affected funds will be lower than the current MER.

Northwest & Ethical is owned 50% by the Provincial Credit Union Centrals and 50% by Desjardins Group.

IE