National Bank Investments Inc. (NBI) on Thursday announced the termination of NBI Short Term Canadian Income Fund and NBI Short Term Canadian Income Private Portfolio on or about May 11.

The funds will be closed to new subscriptions as of 11:59 p.m. ET on March 1, with the exception of pre-established systematic investment and distribution reinvestment plans.

The funds will be shut down in order to simplify NBI’s investment solutions lineup and to better address investors’ needs, the company says in a news release.