PRESS RELEASES

National Bank Investments announces a portfolio manager change and a portfolio sub-advisor change

Montreal, February 28, 2022

National Bank Investments Inc. (“NBI”) announced today the change of portfolio manager for the NBI Canadian All Cap Equity Fund and the change of portfolio sub-advisor for the NBI Canadian Equity Private Portfolio.

On or about April 28, 2022, National Bank Trust Inc. (“NBT”) will replace CI Global Asset Management as portfolio manager to the NBI Canadian All Cap Equity Fund and will delegate investment decisions to Manulife Investment Management. The latter will act as the fund’s portfolio sub-advisor, with NBT ensuring that their decisions remain compliant within this given mandate. The investment objective remains unchanged.

On or about April 28, 2022, Manulife Investment Management will replace CI Global Asset Management as portfolio sub-advisor of the NBI Canadian Equity Private Portfolio, with NBT ensuring that their decisions remain compliant within this given mandate. The investment objective remains unchanged.

These changes are in line with the governance process of NBI’s open architecture structure.

These changes will be reflected in the upcoming amendment to the simplified prospectus for the NBI Funds, which will be available on the SEDAR website as well as on the National Bank Investments website.

About NBI Funds
 NBI Funds (the “Funds”) are offered 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 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. The Funds are not guaranteed, their values change frequently, and past performance may not be repeated.

About National Bank Investments Inc.
 National Bank Investments  Inc. (NBI) is an investment funds management firm committed to manufacturing and offering mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at December 31, 2021, assets under management in NBI products were valued at over $80 billion.

Guided by an open architecture strategy, 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’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 advisors build portfolios adapted to their clients’ financial needs. Follow NBI’s activities at  nbinvestments.ca  or via social media such as YouTube  and  LinkedIn .

National Bank Investments is a member of Canada’s Responsible Investment Association and a signatory of the United Nations-supported Principles for Responsible Investment.

About National Bank of Canada
With $367 billion in assets as at January 31, 2022, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 27,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its 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.

Information:

Andreia Furtado
Advisor, Public Affairs and Corporate Social Responsibility
National Bank of Canada
514-394-4074
andreia.furtado@nbc.ca