National Bank Securities Inc. Announces a Redemption of Units of the Omega Preferred Equity Fund
National Bank Securities Inc., the manager of the Omega Preferred Equity Fund (the “Fund”), today announced the redemption of the units that Intact Insurance Company (Intact), a subsidiary of Intact Financial Corporation (IFC), holds in the Fund. The amount payable to Intact will be settled by a transfer of its proportional share of securities held in the Fund. Intact’s participation, as of November 28, 2011, was approximately $133 million representing about 29.5% of the total assets of the Fund. The redemption will occur on or about December 15, 2011.
Intact Investment Management Inc., the investment management subsidiary of IFC, will continue in its role as the portfolio manager of the Fund, providing unitholders with the benefits of its active investment approach aimed at generating a high level of income while focusing on capital preservation.
About Omega Preferred Equity Fund
The Omega Preferred Equity Fund (the “Fund”) is offered by National Bank Securities 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 Fund. Please read the prospectus of the Fund before investing. The Fund’s units are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund’s units are not guaranteed, their values change frequently and past performance may not be repeated.
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 $153 billion in assets and, together with its subsidiaries, employs 19,217 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 National Bank’s financial education portal, visit www.clearfacts.ca.
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