National Bank Financial Group

National Bank Financial Group

June 04, 2009 18:07 ET

Results of Securityholders Meetings for National Bank Securities Mutual Funds and Notice of Redemption of Securities of a Fund

MONTREAL, QUEBEC--(Marketwire - June 4, 2009) - In the context of the implementation of its mutual fund line-up optimization project, National Bank Securities announces the approval of all proposals submitted to the vote of securityholders of the relevant funds at a first series of special meetings held today.

At such meetings, securityholders of the relevant funds have approved the following fund mergers:

Approved Mergers
On or about June 12, 2009, each Terminating Fund shall merge into the
corresponding Continuing Fund. Certain funds will also be renamed, as
Terminating Fund Continuing Fund Name Changes
Altamira T-Bill Fund National Bank Money
Market Fund
Altamira Short Term National Bank
Government Bond Fund Mortgage Fund
Altamira Inflation-Adjusted Altamira Long
Bond Fund Term Bond Fund
Altamira Global Bond Fund National Bank Global Will be renamed
Bond Fund "Altamira Global
Bond Fund"
Altamira Short Term Global
Income Fund
Altamira High Yield Bond National Bank High Will be renamed
Fund Yield Bond Fund "Altamira High Yield
Bond Fund"
Altamira Monthly Income National Bank Monthly
Fund Income Fund
Altamira Balanced Fund National Bank Balanced
Diversified Fund
Altamira Global Diversified National Bank Growth
Fund Diversified Fund
Altamira Canadian Value National Bank Canadian
Fund Equity Fund
Altamira Capital Growth Altamira Equity Fund Will be renamed
Fund Limited "Altamira Canadian
Equity Growth Fund"
Altamira Global Value National Bank Global
Fund Equity Fund
Altamira Select American Altamira US Larger Will be renamed
Fund Company Fund "Altamira U.S.
Equity Fund"
Altamira Global Discovery National Bank Emerging Will be renamed
Fund Markets Fund "Omega Emerging
Markets Fund"
Altamira Precision Altamira Precision Will be renamed
European Index Fund International Currency "Altamira
Neutral Index Fund International
Currency Neutral
Index Fund"
Altamira Precision U.S. Altamira Precision U.S. Will be renamed
Midcap Index Fund Currency Neutral Index "Altamira U.S.
Fund Currency Neutral
Index Fund"

Securityholders of Altamira Balanced Fund and Altamira Global Diversified Fund have approved the replacement of RBC Dexia Investor Services Trust by Natcan Trust Company as trustee of such funds.

Finally, the change of investment objective of Altamira US Larger Company Fund (which will be renamed "Altamira U.S. Equity Fund") to broaden its mandate to allow investment in securities of American companies of all capitalizations, as well as the modernization of its declaration of trust, have been approved by securityholders of Altamira US Larger Company Fund.

The securityholder meetings of the following funds have been adjourned to June 11 due to lack of quorum: National Bank Treasury Bill Plus Fund, National Bank Retirement Balanced Fund, National Bank/Fidelity Canadian Asset Allocation Fund, Altamira Special Growth Fund, National Bank Future Economy Fund, National Bank European Equity Fund, National Bank Asia-Pacific Fund, National Bank European Small Capitalization Fund, National Bank Natural Resources Fund, National Bank Global Technologies Fund, National Bank Canadian Index Fund, National Bank Canadian Index Plus Fund, National Bank American Index Plus Fund, National Bank/Fidelity True North® Fund, National Bank/Fidelity Global Fund and Altamira Income Fund.

National Bank Securities also announces that National Bank of Canada (the "Bank") has informed it of its intention to redeem approximately $2.3 millions of its investment in National Bank Monthly Equity Income Fund. The units being redeemed represent a significant portion of the total outstanding units of this Fund. The Bank's decision was made in the normal course of its business and in no way reflects an opinion as to the quality of the investment. The redemption will be made as of the date hereof.

About National Bank Securities Inc.

The National Bank Mutual Funds (including the Omega Funds™) and the Altamira Funds (the "Funds") are 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 Funds. Please read the prospectus of the Funds before investing. The Funds' securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a fund will be returned. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.

"Omega Funds™" and the Omega Funds logo are trademarks of National Bank of Canada, used under license by National Bank Securities Inc.

About National Bank of Canada

National Bank of Canada, which is celebrating its 150th anniversary in 2009, 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. 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 $138 billion in assets and, together with its subsidiaries, employs 17,343 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at

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

Contact Information

  • National Bank Financial Group
    Denis Dube
    Director, Public Relations