National Bank Investments Announces
Select NBI Fund and ETF Terminations
Montreal, September 12, 2024 – As part of its ongoing efforts to simplify its investment solutions offering, National Bank Investments Inc. (“NBI”) announced the termination of the NBI Canadian Family Business ETF (ticker symbol: NFAM) (the “ETF”) and the NBI Canadian Preferred Equity Private Portfolio (the “Fund”).
NBI Canadian Family Business ETF Termination
NBI will be terminating the ETF effective on or around November 29, 2024 (the “ETF Termination Date”).
Investors in the ETF will be sent a notice of termination at least 60 days prior to the ETF Termination Date. Units of the ETF are anticipated to be voluntarily delisted from the Toronto Stock Exchange (“TSX”) at the request of NBI and cease trading following the market close on or around November 28, 2024.
Unitholders may continue to buy or sell units of the ETF on the TSX until the units are delisted. Units still held by investors on the ETF Termination Date will be cancelled. Effective today, no further direct subscriptions for units of the ETF by authorized participants will be accepted by NBI. The rights of unitholders of the ETF to exchange or redeem their units will cease as of the ETF Termination Date.
Prior to the ETF Termination Date, NBI will, to the extent reasonably possible, sell and convert the assets of the ETF to cash. After paying or making adequate provision for the liabilities and obligations of the ETF, NBI will, on or around the ETF Termination Date, distribute the net assets of the ETF on a pro rata basis among the unitholders of record on the ETF Termination Date based on the net asset value per unit of the ETF.
NBI will issue an additional press release on or around November 29, 2024, that will confirm the final details of the ETF termination.
NBI Canadian Preferred Equity Private Portfolio Termination
NBI will be terminating the Fund effective on or around November 29, 2024 (the “Fund Termination Date”). Investors in the Fund will be sent a notice of termination at least 60 days prior to the Fund Termination Date.
Up until the close of business on the Fund Termination Date, investors may switch or redeem units of the Fund at any time, subject to the procedures and requirements set out in the Fund’s prospectus.
These changes will be included in the amendment to the simplified prospectus for NBI Funds and the prospectus for NBI ETFs which will be filed on the SEDAR+ website and on the NBI website.
About NBI Funds
NBI Funds (the “Funds”) are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the Funds before investing. The Funds’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Funds are not guaranteed, their values change frequently, and past performance may not be repeated.
About NBI ETFs
NBI ETFs are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Management fees, brokerage fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.
About National Bank Investments Inc.
National Bank Investments Inc. (“NBI”) is an investment funds management firm committed to manufacturing and offering mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at June 30, 2024, assets under management in NBI products were valued at over $88.38 billion.
Guided by an open architecture strategy, NBI is dedicated to providing diverse solutions to meet the evolving needs of its clients. NBI consistently strives to be recognized as a key partner by combining innovation and excellence. NBI’s role is not limited to administrative aspects of management; NBI Advisory Services and its registered representatives form a team of specialists who provide information and advice to help advisors build portfolios adapted to their clients’ financial needs. Follow NBI’s activities at nbinvestments.ca or via social media such as YouTube and LinkedIn.
National Bank Investments is a signatory of the United Nations-supported Principles for Responsible Investment, a member of Canada’s Responsible Investment Association, and a founding participant in the Climate Engagement Canada initiative.
About National Bank of Canada
With $454 billion in assets as at July 31, 2024, National Bank of Canada is one of Canada’s six systemically important banks. The Bank has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media.
Information:
Alexandre Guay
Chief Advisor, Public Affairs
National Bank of Canada
Tel.: 514-412-5125
alexandre.guay@nbc.ca