Results of securityholders meetings for National Bank Securities Mutual Funds and notice of redemption of securities of a fund

Montreal, 4 June 2009 - 

In the context of the implementation of its mutual fund line-up optimization project, National Bank Securities announces the approval of allproposals submitted to the vote of securityholders of the relevant funds at a first series of special meetings held today.

At such meetings, securityholders of the relevant funds have approved the following fund mergers:

Approved Mergers
On or about June 12, 2009, each Terminating Fund shall merge into the corresponding Continuing Fund. Certain funds will also be renamed, as indicated.

Terminating Fund

Continuing Fund

Name Changes

Altamira T-Bill Fund

National Bank Money Market Fund

 

Altamira Short Term Government Bond Fund

National Bank Mortgage Fund

 

Altamira Inflation-Adjusted Bond Fund

Altamira Long Term Bond Fund

 

Altamira Global Bond Fund

National Bank Global Bond Fund

Will be renamed “Altamira Global Bond Fund”

Altamira Short Term Global Income Fund

Altamira High Yield Bond Fund

National Bank High Yield Bond Fund

Will be renamed “Altamira High Yield Bond Fund”

Altamira Monthly Income Fund

National Bank Monthly Income Fund

 

Altamira Balanced Fund

National Bank Balanced Diversified Fund

 

Altamira Global Diversified Fund

National Bank Growth Diversified Fund

 

Altamira Canadian Value Fund

National Bank Canadian Equity Fund

 

Altamira Capital Growth Fund Limited

Altamira Equity  Fund

Will be renamed “Altamira Canadian Equity Growth Fund”

Altamira Global Value Fund

National Bank Global Equity Fund

 

Altamira Select American Fund

Altamira US Larger Company Fund

Will be renamed “Altamira U.S. Equity Fund”

Altamira Global Discovery Fund

National Bank Emerging Markets  Fund

Will be renamed “Omega Emerging Markets Fund”

Altamira Precision European Index Fund

Altamira Precision International Currency Neutral Index Fund

Will be renamed “Altamira International Currency Neutral Index Fund”

Altamira Precision U.S. Midcap Index Fund

Altamira Precision U.S. Currency Neutral Index Fund

Will be renamed “Altamira U.S. Currency Neutral Index Fund”

Securityholders of Altamira Balanced Fund and Altamira Global Diversified Fund have approved the replacement of RBC Dexia Investor Services Trust by Natcan Trust Company as trustee of such funds.

Finally, the change of investment objective of Altamira US Larger Company Fund (which will be renamed “Altamira U.S. Equity Fund”) to broaden its mandate to allow investment in securities of American companies of all capitalizations, as well as the modernization of its declaration of trust, have been approved by securityholders of Altamira US Larger Company Fund.

The securityholder meetings of the following funds have been adjourned to June 11 due to lack of quorum: National Bank Treasury Bill Plus Fund, National Bank Retirement Balanced Fund, National Bank/Fidelity Canadian Asset Allocation Fund, Altamira Special Growth Fund, National Bank Future Economy Fund, National Bank European Equity Fund, National Bank Asia-Pacific Fund, National Bank European Small Capitalization Fund, National Bank Natural Resources Fund, National Bank Global Technologies Fund, National Bank Canadian Index Fund, National Bank Canadian Index Plus Fund, National Bank American Index Plus Fund, National Bank/Fidelity True North® Fund, National Bank/Fidelity Global Fund and Altamira Income Fund.

National Bank Securities also announces that National Bank of Canada (the “Bank”) has informed it of its intention to redeem approximately $2.3 millions of its investment in National Bank Monthly Equity Income Fund. The units being redeemed represent a significant portion of the total outstanding units of this Fund. The Bank’s decision was made in the normal course of its business and in no way reflects an opinion as to the quality of the investment. The redemption will be made as of the date hereof.

About National Bank Securities Inc.
The National Bank Mutual Funds (including the Omega FundsTM) and the Altamira Funds (the “Funds”) are offered by National Bank Securities Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. 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.
For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a fund will be returned.The Funds are not guaranteed, their values change frequently and past performance may not be repeated. 

“Omega Funds™” and the Omega Funds logo are trademarks of National Bank of Canada, used under license by National Bank Securities Inc.

About National Bank of Canada
National Bank of Canada, which is celebrating its 150th anniversary in 2009, is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has close to $138 billion in assets and, together with its subsidiaries, employs 17,343 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at
www.nbc.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):

Denis Dubé
Director, Public Relations
National Bank Financial Group
Tel.: 514-394-8644