Press Releases

Change to the makeup of Meritage TM Portfolios

Montreal, 31 March 2008 -

Altamira is announcing that the Trimark Fund will be replaced by the Capital International Global Equity Fund, and the Trimark U.S. Small Companies Class Fund will be replaced by the CI American Small Companies Fund in its Meritage PortfoliosTM. The changes will take effect May 1st, 2008.

Funds are selected using a strictly quantitative system known as the SelectRating SystemTM. In order to ensure complete objectivity, no Altamira or National Bank funds are included in the portfolios. To certify transparency and best practices, the fund selection and monitoring process for Meritage PortfoliosTM is approved and supervised by Aon Consulting.

“The funds that make up our Meritage PortfoliosTM are selected using the strictest criteria that favour long-term performance. Moreover, the addition of Capital International to our line-up is definitely an advantage for unitholders,” explained Charles Guay, Altamira’s President and Chief Executive Officer. The Capital Group, Capital International’s parent company, is a privately owned global investment manager that manages well over US$1 trillion in mutual fund assets across the globe.

Meritage PortfoliosTM are suited to all investors, regardless of their needs or risk profile, and offer a complete investment solution with optimal diversification across asset classes, regions, market capitalizations and management styles in an integrated fund-of-funds structure. A total of 14 portfolios are available, five each in the investment and income categories as well as four portfolios made up exclusively of Canadian, American, international or global equity funds.

Each portfolio contains a blend of the best funds on the market. From a total of 5,000 funds available to consumers, 25 were selected based on their potential return, sustained performance over time and the complementarity of their lead managers’ investment approaches. Clients have already invested more than $565 million in Meritage PortfoliosTM since they were launched in October 2006.

Further information is available at www.meritageportfolios.com.

About Altamira
Altamira is a leading investment provider, offering a wide selection of mutual funds, savings products and managed portfolios. Altamira’s portfolio management is characterized by outstanding customer service, innovative products and sound investment advice. The company is headquartered in Toronto with offices across Canada, and is a subsidiary of National Bank of Canada. www.altamira.com

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

Denis Dubé
Director – Public Relations Department
National Bank of Canada
Tel.: 514-394-8644