Press Releases

National Bank Securities announces closure of Omega Preferred Equity Fund to new investors

Montreal, 28 August 2012 -

National Bank Securities Inc. (NBSI) today announced the Omega Preferred Equity Fund’s closure to new investors as of September 30, 2012. The closure of the Omega Preferred Equity Fund will allow the fund’s portfolio manager (Intact Investment Management Inc.) to continue applying its current investment philosophy. After the fund’s closure to new investors, the fund will continue to be available to existing investors, and shall also remain available to certain other investors, including funds that are managed by NBSI or its affiliates.

“The Omega Preferred Equity Fund was launched in 2007 and has proven to be a superior investment product for investors looking for stable distributions of tax-efficient dividend income” said Michel Falk, President of NBSI. The fund has grown steadily in size since its inception, recently surpassing $470 million in assets under management.

NBSI will be launching the Altamira Preferred Equity Fund for new investors seeking dividend income and capital preservation. This fund will aim to invest in a diversified portfolio of dividend-paying preferred equities.

A preliminary simplified prospectus relating to the Altamira Preferred Equity Fund has been filed with the Canadian securities authorities. Units of the Altamira Preferred Equity Fund cannot be acquired until the relevant securities authorities issue receipts for the simplified prospectus of the fund. Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About National Bank Securities
National Bank Securities Mutual Funds (the “Funds”) are offered by National Bank Securities Inc., a wholly owned subsidiary of National Bank of Canada. Brokerage fees, commissions, trailing commissions, management fees and expenses all may be associated with investment 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 of Canada
With $176 billion in assets as at April 30, 2012, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada’s leading integrated financial groups, and was named among the five strongest banks in the world by Bloomberg Markets. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

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

Joan Beauchamp
Senior Advisor – Public Affairs
National Bank
Tel.: 514-394-6500