MONTREAL, Jan. 13, 2016 /CNW Telbec/ - National Bank Investments Inc. ("NBI") announced today that the name of the Meritage Global Income and Growth Portfolio (the "Portfolio") is being changed. The new name will be the Meritage Global Balanced Portfolio.
NBI also announced a reduction in the administration fee for the Advisor, F, F5 and T5 Series of the Portfolio. The administration fee for these series is being reduced from 0.13% to 0.08%.
NBI is also amending the Portfolio's investment strategy to enable it to potentially invest in exchange-traded funds.
Lastly, the distribution policy for the Advisor and F Series is being amended to change from a monthly distribution to a quarterly distribution.
These changes will be effective as of January 15, 2016 and are in keeping with the client centric approach of NBI, which is committed to providing clients with access to the best investment solutions at competitive pricing.
The changes will be reflected in the amendment to the simplified prospectus for the Meritage Portfolios to be filed in connection with these changes, which will be available at www.sedar.com and www.nbc.ca.
About the Meritage Global Income and Growth Portfolio
Meritage Global Income and Growth Portfolio (the "Portfolio") is managed by National Bank Investments 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 Portfolio. Please read the prospectus of the Portfolio before investing. The Portfolio's securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolio is not guaranteed, its value changes frequently and past performance may not be repeated.
"Meritage Portfolios®" and the Meritage Portfolios logo are trade-marks of National Bank of Canada, used under license by National Bank Investments Inc.
About National Bank Investments Inc.
National Bank Investments Inc. ("NBI") is a wholly owned subsidiary of National Bank of Canada specialized in designing and managing mutual funds and mutual fund portfolios. As at December 31, 2015, the value of assets under management in NBI products amounted to $26.1 billion.
Guided by a 100% open architecture philosophy, NBI is dedicated to providing diverse solutions to meet the evolving needs of its clients. NBI consistently strives to be recognized as a key partner by combining innovation and excellence. NBI is an investment fund management firm committed to offering a broad selection of investment solutions that meet a wide range of investment profiles. NBI's role is not limited to administrative aspects of management;
NBI Advisory Services and its registered representatives form a team of specialists who provide information and advice to help investors build portfolios adapted to their financial needs.
About National Bank of Canada
With $216 billion in assets as at October 31, 2015, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has close to 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
SOURCE National Bank of Canada
For further information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.): Jean-François Lauzon, Advisor, Public Affairs, National Bank of Canada, Tel.: 514 394-6097