New low-fee Jarislowsky Fraser Funds now available for purchase

Montreal, 14 October 2010 - 

Units of the Jarislowsky Fraser Funds (the “Funds”) are now available for purchase by Canadian investors at management fees below those of their respective category median.

The portfolios of the Funds are managed by the investment team at Jarislowsky, Fraser Limited whose philosophy is founded upon conservative, time proven principles of fundamental investing.

The Jarislowsky Fraser Select Canadian Equity Fund invests in equity securities of large-capitalization companies that are industry leaders, have strong management, an earnings track record and limited financial leverage. The Jarislowsky Fraser Select Balanced Fund adopts a prudent investment approach aimed at preserving capital with a portfolio combining high-quality equity securities and investment-grade fixed income issues. The Jarislowsky Fraser Select Income Fund seeks to generate a consistent stream of income while minimizing default risk.

Jarislowsky, Fraser Limited has been managing investment portfolios for individuals and institutions for more than half a century and currently manages approximately $45 billion in assets. Their investment approach has produced consistent returns through changing economic environments and has been particularly effective in minimizing the volatility prevalent in today’s global markets.

National Bank Securities, the Fund’s manufacturer, is a wholly-owned subsidiary of National Bank of Canada, which has been serving the financial needs of Canadian governments, corporations, businesses and individuals for more than one hundred and fifty years.

Legal Notes
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 Jarislowsky, Fraser Limited
Jarislowsky, Fraser Limited is a registered investment counselling firm, managing pension funds, foundations, corporate and private portfolios for clients in North America and overseas. The company was founded in 1955 as an investment research firm. In the early 1960s, the firm began to use this research material to counsel private investors and, in 1966, extended its client base to include pension funds. For more than half a century since its founding, the firm has held a leading position in the field of investment management. With assets exceeding $45 billion Canadian dollars and offices located in Montreal, Toronto, Calgary and Vancouver, the firm manages investment funds on behalf of governments, corporations, universities, labour unions and individuals. The firm’s primary objective is the growth of its clients’ capital through conservative, low-risk investment in high-quality securities, selected through stringent fundamental analysis. This approach has produced consistent results through changing economic environments. The firm believes that investing a portion of the clients’ portfolios outside of Canada is key to achieving its objectives of protecting capital and long-term growth. Non-Canadian markets offer unparalleled opportunities to invest in global companies operating in sectors otherwise unavailable to Canadian investors. The firm is known for defending shareholder rights and is actively committed to promoting strong corporate governance, as well as exercising influence to ensure that shareholders’ interests are at the forefront of corporate actions.
For more information, visit the firm’s website at www.jfl.ca.

About National Bank Securities Inc.
A wholly-owned subsidiary of the National Bank of Canada since 1987, National Bank Securities deals mainly in mutual funds. It acts as manager of the Jarislowsky Fraser Funds.

About National Bank of Canada
National Bank of Canada 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 over $146 billion in assets and, together with its subsidiaries, employs 18,438 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. To access the National Bank Financial Group’s financial literacy portal, visit the www.clearfacts.ca.

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

Maxime Ménard
Partner
Jarislowsky, Fraser Limited
Tel.: 514-842-2727

Joan Beauchamp
Senior Advisor, Public Relations
National Bank Financial Group
Tel.: 514-394-6500