MONTREAL, Aug. 19, 2014 /CNW Telbec/ - Today, National Bank Investments
Inc., manager of the Meritage Portfolios®, announced a change in the risk ratings of the Meritage Equity
Portfolio, Meritage Equity Class Portfolio and Meritage Equity Income
Portfolio. The change will be reflected in the Meritage Portfolios'® updated simplified prospectus, which will be filed with Canadian
securities regulators on or about August 28, 2014.
National Bank Investments Inc. applies a risk rating policy based upon
the guidelines established by the Investment Funds Institute of Canada
which are themselves based primarily upon the variability of a mutual
fund's returns. In the application of this policy, the level of risk
associated with the Meritage Equity Portfolio, Meritage Equity Class
Portfolio and Meritage Equity Income Portfolio has been lowered from
"Medium" to "Low to Medium". These changes aim to more accurately
reflect the funds' actual risk levels. No changes have been made to the
investment objectives, strategies or management of these funds.
About Meritage Portfolios®
Meritage Portfolios® (the "Portfolios") are managed 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 Portfolios. Please read the
prospectus of the Portfolios before investing. The Portfolios'
securities are not insured by the Canada Deposit Insurance Corporation
or by any other government deposit insurer. The Portfolios are not
guaranteed, their values change frequently and past performance may not
be repeated. "Meritage Portfolios®" and the Meritage Portfolios logo
are trade-marks of National Bank of Canada, used under license by
National Bank Investments Inc.
About National Bank of Canada
With $194 billion in assets as at April 30, 2014, National Bank of
Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada's leading
integrated financial groups. The Bank has close to 20,000 employees and
is widely recognized as a top employer. Its securities are listed on
the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via
social media and learn more about its extensive community involvement
at clearfacts.ca and commitment.nationalbank.ca.
SOURCE National Bank of Canada