Press Releases

Notice of significant redemption in Westwood Global Equity Fund

Montreal, 23 April 2014 -

National Bank of Canada (the « Bank ») has notified National Bank Securities Inc., manager of Westwood Global Equity Fund (the « Fund »), of its intention to redeem a maximum of $7.5 million worth of the Fund’s units, which represents 69 % of the Fund’s net asset value as at April 22, 2014. The Bank had already redeemed, on January 28, 2014, 393 314 units of the Fund, which then represented 27 % of the net asset value of the Fund.

The initial investment of the Bank was made shortly after the creation of the Fund in October 2012 in order to allow for better management of the Fund’s portfolio. The decision to redeem units is in the normal course of business of the Bank and does not reflect an opinion regarding the quality of the units. It is intended that the redemption occur on May 13, 2014 at the earliest.

Westwood Global 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 securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund is not guaranteed, its values change frequently and past performance may not be repeated. 

About National Bank of Canada
With $195 billion in assets as at January 31, 2014, National Bank of Canada (, together with its subsidiaries, forms one of Canada’s leading integrated financial groups, and has been named among the 20 strongest banks in the world by Bloomberg Markets magazine. 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 and

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

Jean-François Cadieux
Chief Advisor – Public Affairs
National Bank
Tel.: 514-394-6500