MONTREAL, April 25,
2023 /CNW/ - 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:
|
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.
SOURCE National Bank of Canada