National Bank Investments Inc. (“NBI”), acting as investment fund manager for the NBI exchange-traded funds (“NBI ETFs”), announced today that a revision of the distribution frequency for the following NBI ETFs will take effect on May 1, 2023:
PRESS RELEASES
National Bank Investments Announces Changes to Certain NBI ETFs
Montreal, April 25, 2023
Name of the ETF | Current Distribution Frequency | New Distribution Frequency |
NBI Global Real Assets Income ETF (NREA) | Quarterly | Monthly |
NBI Liquid Alternatives ETF (NALT) | Yearly | Quarterly |
NBI also announced that it will lower the management fee for the NBI Global Real Assets Income ETF effective on or about May 1, 2023. The annual rate will be lowered as follows:
Name of the ETF | Current Management Fee | New Management Fee |
NBI Global Real Assets Income ETF (NREA) | 0.90% | 0.80% |
The NBI ETFs prospectus and ETF Facts reflecting these changes will be available on the SEDAR website as well as on the National Bank Investments website.
About NBI ETFs
NBI ETFs are offered by
National Bank Investments Inc., a wholly owned subsidiary of
National Bank of Canada. Management fees, brokerage fees and
expenses all may be associated with investments in exchange-traded
funds (ETFs). Please read the prospectus or ETF Facts document
before investing. ETFs are not guaranteed, their values change
frequently, and past performance may not be repeated. ETF units are
bought and sold at market price on a stock exchange and brokerage
commissions will reduce returns.
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 March 31, 2023, assets under management
in NBI products were valued at over $78.4 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 signatory of the United
Nations-supported Principles for Responsible Investment, a member of
Canada’s Responsible Investment Association, and a founding
participant in the Climate Engagement Canada initiative.
About National Bank of Canada
With $418 billion in assets as at January 31, 2023, National Bank of Canada,
together with its subsidiaries, forms one of Canada’s leading
integrated financial groups. The Bank has approximately
30,000 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:
Stéphanie Rousseau
Senior Advisor, Public Affairs and Corporate Social
Responsibility
National Bank of Canada