Natcan Investment Management Announces Second Issuance of TheNatcan QSSP II Investment Fund, Series 2009
Natcan Investment Management inc., a subsidiary of National Bank Financial Group, has announced the second issuance of Category A Shares, Series 2009 of The Natcan QSSP II Investment Fund Inc. (the “Fund”), formerly known as Le Fonds d’Investissement Actions-Croissance PME Inc.
Following the changes to the SME Growth Stock Plan (the “SME Plan”) announced in the Quebec budget on March 19, Natcan Investment Management now offers an instrument that combines the benefits of diversification and professional management and the advantages of the new Stock Savings Plan (the “QSSP II Plan”): The Natcan QSSP II Investment Fund Inc.
The Fund’s investment objectives are to provide medium- and long-term capital appreciation and to entitle subscribers of Category A Shares, Series 2009 of the Fund to claim a deduction under the QSSP II Plan for income tax purposes for the 2009 tax year. The Fund will therefore invest the proceeds of its issuance of Category A Shares, Series 2009 primarily in Quebec-based companies whose securities qualify for the QSSP II Plan.
This new provincial plan offers businesses improved access to capital, while providing investors with numerous advantages, such as:
- The tax deductions have been increased from 100% to 150% of the adjusted cost of qualifying shares or securities acquired from March 20, 2009 to December 31, 2010;
- The minimum period for which qualifying shares or securities must be held has been reduced from three calendar years after the end of the year shares were acquired (i.e., four consecutive December 31) to two calendar years after the end of the year shares were acquired (i.e., three consecutive December 31);
- The maximum size of eligible companies has been increased from $100 million to $200 million in assets;
- The process for determining which securities are eligible has been simplified, thereby increasing the number of securities eligible for the Fund.
The issuance of Category A Shares, Series 2009 of the Fundtook place from April 20 to May 15, 2009. The second issuance begins today and ends on June 23, 2009.
The Category A Shares, Series 2009 of the Fund are available in three different classes, each with equal rights and privileges:
The Advisor Class is available to all investors with no sales charge. However, redemption fees will be payable if the redemption of the shares is requested within three years of purchase. No redemption fees will be charged as of January 1, 2012.
The Investor Class is available to all investors with no sales charge or redemption fee.
Lastly, Class F is intended for investors who have fee-based accounts with brokers. Class F carries no sales charge, and the management fee is 1% lower than for the two other classes.
The Category A Shares, Series 2009 of the Fund can be purchased through National Bank Financial by calling 1-800-361-8838 (toll free) or 514-879-2222, National Bank Direct Brokerage by calling 1-800-363-3511 or 514-866-6755, or through most investment advisors and mutual fund representatives in Quebec. A minimum initial investment of $2,000 per subscriber is required.
No securities regulatory authority has expressed and opinion about the securities of this Fund and any representation to the contrary is an offence. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The Fund is not guaranteed, its value changes frequently and past performance may not be repeated.
About National Bank of Canada
National Bank of Canada, which is celebrating its 150th anniversary in 2009, is an integrated group which 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. The 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 $137 billion in assets and, together with its subsidiaries, employs 17,199 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website atwww.nbc.ca.
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