Business
National Bank Investments Announces Select Fund and ETF Terminations
National Bank Investments Announces Select Fund and ETF Terminations Canada NewsWire ...
About this update from National Bank Of Canada
[{"type":"text","content":"\n\n\n\n National Bank Investments Announces Select Fund and ETF Terminations\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n MONTREAL\n \n\n ,\n \n\n Sept. 12, 2024\n \n\n /CNW/ - As part of its ongoing efforts to simplify its investment solutions offering, National Bank Investments Inc. (\"NBI\") announced the termination of the NBI Canadian Family Business ETF (ticker symbol: NFAM) (the \"ETF\") and the NBI Canadian Preferred Equity Private Portfolio (the \"Fund\").\n \n\n\n NBI Canadian Family Business ETF Termination\n \n\n\n NBI will be terminating the ETF effective on or around\n \n November 29, 2024\n \n (the \"ETF Termination Date\").\n \n\n Investors in the ETF will be sent a notice of termination at least 60 days prior to the ETF Termination Date. Units of the ETF are anticipated to be voluntarily delisted from the Toronto Stock Exchange (\"TSX\") at the request of NBI and cease trading following the market close on or around\n \n November 28, 2024\n \n .\n \n\n Unitholders may continue to buy or sell units of the ETF on the TSX until the units are delisted. Units still held by investors on the ETF Termination Date will be cancelled. Effective today, no further direct subscriptions for units of the ETF by authorized participants will be accepted by NBI. The rights of unitholders of the ETF to exchange or redeem their units will cease as of the ETF Termination Date.\n \n\n Prior to the ETF Termination Date, NBI will, to the extent reasonably possible, sell and convert the assets of the ETF to cash. After paying or making adequate provision for the liabilities and obligations of the ETF, NBI will, on or around the ETF Termination Date, distribute the net assets of the ETF on a pro rata basis among the unitholders of record on the ETF Termination Date based on the net asset value per unit of the ETF.\n \n\n NBI will issue an additional press release on or around\n \n November 29, 2024\n \n , that will confirm the final details of the ETF termination.\n \n\n\n NBI Canadian Preferred Equity Private Portfolio Termination\n \...