Investors in the terminating funds will receive securities of the appropriate continuing funds on a series-for-series and dollar-for-dollar basis
Unitholder approvals for the termination of Excel Billionaire Leaders Fund and Excel Latin America Fund will be sought at special meetings to be held on or about March 24
Unitholders will receive $9.88 a unit on or before Jan. 23, which includes an allocation of approximately $1.80 of taxable capital gains from the fund
Fund to wind-up on Jan. 31
The three terminating corporate-class mutual funds will be closed to new purchases, excluding pre-authorized debit plan purchases, at the close of business on Wednesday
The closed-end fund is too small to convert to an open-ended mutual fund
Global regulators aim increase investor protection
The decision to limit inflows is in order to preserve the portfolio management teams' ability to fulfill their mandates
Unitholders of NEI Northwest Enhanced Yield Equity Corporate Class will receive units of NEI Northwest Canadian Dividend Corporate Class on or about Sept. 16
A special meeting of Dynamic Protected Dividend Value Fund unitholders will take place on Aug. 4 and if they approve, the termination will take place on or about Sept. 9