National Bank Investments announces the termination of two NBI Funds
National Bank Investments Inc. (“NBI”) announces the termination of the NBI Short Term Canadian Income Fund and the NBI Short Term Canadian Income Private Portfolio (the “Funds”) on or about May 11, 2018. NBI also announces the closure of the Funds to new subscriptions as of 11:59 p.m. on March 1, 2018, with the exception of pre-established systematic investment and distribution reinvestment plans.
This was decided in order to simplify NBI’s investment solutions lineup and to better address investors’ needs.
NBI encourages unitholders of the Funds to consult with their advisor to understand the financial and tax implications of the termination of the Funds and to determine the solution that best suits their investment needs and personal situation.
The changes for the NBI Short Term Canadian Income Fund will be reflected in the upcoming amendment to the simplified prospectus for this fund, which will be available at www.sedar.com and at www.nbc.ca.
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 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. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.
About National Bank Investments Inc.
National Bank Investments (“NBI”) is an investment fund management firm committed to manufacturing and distributing mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at December 31, 2017, the value of assets under management in NBI products amounted to $53 billion.
Guided by a 100% open architecture structure, 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.
About National Bank of Canada
With $251 billion in assets as at January 31, 2018, National Bank of Canada, together with its subsidiaries, forms one of Canada’s leading integrated financial groups. The Bank has more than 21,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
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