National Bank Financial Group
TSX : NA

National Bank Financial Group

June 11, 2009 17:02 ET

Results of Securityholder Meetings for National Bank Securities Mutual Funds

MONTREAL, QUEBEC--(Marketwire - June 11, 2009) - (TSX:NA) - 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 second and last series of special meetings held today.

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



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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
indicated.
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Terminating Fund Continuing Fund Name Changes
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National Bank Treasury National Bank
Bill Plus Fund Money Market Fund
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National Bank Retirement National Bank Balanced
Balanced Fund Diversified Fund
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National Bank/Fidelity Altamira Growth & Will be renamed
Canadian Asset Income Fund "Altamira Tactical
Allocation Fund Asset Allocation
Fund"
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Altamira Special National Bank
Growth Fund Small Capitalization Fund
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National Bank Future National Bank Global
Economy Fund Equity Fund
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National Bank European Altamira European
Equity Fund Equity Fund
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National Bank Altamira Asia
Asia-Pacific Fund Pacific Fund
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National Bank European Altamira Global
Small Capitalization Fund Small Company Fund
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National Bank Natural Altamira Resource
Resources Fund Fund
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National Bank Global Altamira Science and
Technologies Fund Technology Fund
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National Bank Canadian Will be renamed
Index Fund Altamira Precision "Altamira Canadian
---------------------- Canadian Index Fund Index Fund"
National Bank Canadian
Index Plus Fund
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National Bank American National Bank American Will be renamed
Index Plus Fund Index Fund "Altamira U.S.
Index Fund"
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Securityholders of the relevant funds have approved the change of the fundamental investment objectives of National Bank/Fidelity True North® Fund (which will be renamed "Omega Canadian Equity Fund") and of National Bank/Fidelity Global Fund (which will be renamed "Omega Global Equity Fund") to move from a "fund of fund" structure to a regular structure, while nonetheless maintaining similar objectives. Securityholders of such funds have also approved the modernization of their declaration of trust.

The securityholders meeting of Altamira Income Fund, for its part, did not proceed due to lack of quorum.

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 www.nbc.ca.

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
    514-394-8644