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National Bank Investments Announces the Completion of a Fund Merger and a Change to the Management Fee Reduction Plan for High Net Worth Investors
National Bank Investments Announces the Completion of a Fund Merger and a Change to the Managemen...
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[{"type":"text","content":"\n\n\nNational Bank Investments Announces the Completion of a Fund Merger and a Change to the Management Fee Reduction Plan for High Net Worth Investors\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prncbts{\nBORDER-TOP:black 0.5pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnbrbrs{\nBORDER-RIGHT:black 0.5pt solid\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbsbls{\nBORDER-LEFT:black 0.5pt solid\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n\n\n\n\n\nCanada NewsWire\n\n\nMONTREAL, Oct. 27, 2025 /CNW/ - National Bank Investments Inc. (\"NBI\" or the \"Manager\") announced today the completion of a fund merger (the \"Merger\") and a change to the management fee reduction plan for high net worth investors (the \"Reduction Plan\").\nCompletion of a Fund Merger\nAt the close of business on October 24, 2025, the exchange-traded fund units of the NBI Global Real Assets Income ETF (the \"Merging ETF\") were exchanged for equivalent ETF series units of the NBI Global Real Assets Income Fund (the \"Continuing Fund\"), and the ETF units of the Merging ETF were delisted from the Toronto Stock Exchange (\"TSX\"). As of October 27, 2025, the ETF units of the Merging ETF will be substituted for ETF series units of the Continuing Fund and listed on the TSX under the same NREA ticker symbol.\nIn the Merger, the Merging ETF transferred all of its net assets to the Continuing Fund in return for ETF series units of the latter with an aggregate net asset value equal to the value of the assets transferred. Immediately thereafter, all outstanding securities of the Merging ETF were redeemed in exchange for ETF series units of the Continuing Fund on a one-for-one basis. As a result, unitholders of the Mer...