Termination of the Emissary and Diplomat Portfolios

Montreal, 12 August 2009 - 

NBF Emissary Turnkey Solution LP, the manager of the Emissary and Diplomat Portfolios distributed primarily by National Bank Financial investment advisors, today announces its intention to terminate the Emissary and Diplomat Portfolios as of December 11, 2009. 

The decision to terminate the Emissary and Diplomat Portfolios was made in order to streamline the range of investment solutions offered by National Bank Financial Group. This streamlining exercise allows National Bank Financial Group to clearly position each of its investment solutions and reduce long-term costs for many investors. National Bank Financial Group is proud to offer other innovative turnkey solutions that combine the expertise of high-level investment advisors with excellent diversification and an automatic rebalancing service.

The following are the funds to be terminated:

  • Emissary Canadian Equity
  • Emissary Canadian Fixed Income
  • Emissary U.S. Growth
  • Emissary U.S. Value
  • Emissary U.S. Small/Mid Cap
  • Emissary International Equity (EAFE)
  • Diplomat Balanced Portfolio
  • Diplomat Growth Portfolio
  • Diplomat Maximum Growth Portfolio

Immediately following the close of business at 4 p.m. on August 12, 2009, the Emissary and Diplomat Portfolios will be closed to new purchases, with the exception of pre-established systematic investment and distribution reinvestment plans.

However, unitholders will be able to redeem their units of the Emissary and Diplomat Portfolios until December 11, 2009. Unless notified otherwise, any remaining holders will then have their units redeemed and the redemption proceeds will be distributed.

No redemption or sales fees will be charged to unitholders.

NBF Emissary Turnkey Solution LP strongly recommends that unitholders contact their investment advisor, if applicable, to select an alternative investment vehicle suited to their personal investment needs.

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. 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