National Bank Investments Simplifies Fund and ETF Offerings
![National Bank Investments Simplifies Fund and ETF Offerings](https://investorshangout.com/images/blog/ihnews-National%20Bank%20Investments%20Simplifies%20Fund%20and%20ETF%20Offerings.jpg)
National Bank Investments Simplifies Fund and ETF Offerings
In a strategic move to streamline its investment solutions, National Bank Investments Inc. (NBI) has announced the termination of its NBI Canadian Family Business ETF (ticker symbol: NFAM) and the NBI Canadian Preferred Equity Private Portfolio. These changes reflect NBI's commitment to refining its offerings to better serve investors.
NBI Canadian Family Business ETF Updates
The termination of the NBI Canadian Family Business ETF is set to take effect on November 29, 2024. NBI aims to notify ETF investors at least 60 days prior to this termination date, ensuring that all unit holders are well-informed of the process and timelines involved.
Final Trading and Delisting Procedures
As the termination date approaches, units of the ETF will be delisted from the Toronto Stock Exchange (TSX) on or around November 28, 2024, at NBI's request. Until the delisting, investors can continue to buy and sell units of the ETF. However, any units held after the termination date will be canceled. Additionally, no new subscriptions will be accepted from authorized participants post-termination announcement.
Fund Termination Anticipated
Similarly, the NBI Canadian Preferred Equity Private Portfolio will also be terminated on or around the same date. Investors in this Fund will receive a notice ensuring they are prepared for the changes ahead.
Investor Flexibility Prior to Termination
Before the termination date, investors will have the option to switch or redeem their units of the Fund anytime during business hours. This flexibility allows investors to manage their holdings effectively until the close of business on the Fund's termination date.
Future Communications and Updates
NBI plans to release additional information closer to the termination dates. A press release is expected to outline the final steps and provide clarity to all investors involved. These updates will be crucial for ensuring a smooth transition as NBI moves forward with its investment restructuring.
Details on Prospectus Amendments
The amendments reflecting these changes will be incorporated into the simplified prospectus for NBI Funds as well as the ETF documentation, further aligning with NBI's objectives in simplifying its investment program offerings.
About National Bank Investments
National Bank Investments Inc., a wholly owned subsidiary of the National Bank of Canada, is committed to providing diverse investment solutions aimed at assisting Canadian investors in achieving their financial goals. With over $88.38 billion in assets under management as of June 30, 2024, NBI's range of products includes both mutual funds and ETFs designed to meet varied investor needs.
Customer-Centric Approach
NBI prides itself on its open architecture strategy, which enhances its capability to deliver comprehensive solutions tailored to client requirements. The firm's dedication positions it as a reliable partner for investors navigating their financial journeys.
Frequently Asked Questions
What ETFs are being terminated by NBI?
The NBI Canadian Family Business ETF (NFAM) is being terminated, effective November 29, 2024.
How will I be notified of the termination?
NBI will send a notice of termination to all investors at least 60 days prior to the termination date.
Can I still trade my units before termination?
Yes, you can buy or sell units on the TSX until the delisting, which occurs on November 28, 2024.
What happens to the ETFs after the termination date?
Units held after the termination date will be canceled, and investors will not be able to exchange or redeem their units.
How does NBI ensure investor support during this process?
NBI is committed to clear communication and will provide regular updates leading to the termination dates to ensure investors are informed.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- UKG Expands Global Presence with New Operations Hub in Ireland
- Exploring the Digital Twin Market and Its Rapid Growth
- Exploring the Shipment: Growth and Trends in Location Intelligence
- Elastic Expands Elasticsearch API to Support Hugging Face Models
- Caro Holdings Unleashes AI for Enhanced Brand Growth Strategies
- Understanding Recent Trading Trends for Delta Air Lines (DAL)
- Cimarron Insurance and TIE Launch New Trucking Insurance Solution
- Insights into Citigroup's Growing Options Activity and Trends
- How Side Hustles Are Reshaping America's Work Landscape
- General Motors And Hyundai: A Strategic Partnership For EV Growth
Recent Articles
- Upcoming PECO GROW Update: Insights for Investors and Advisors
- Market Insights: The Digital Brands That Are Thriving Today
- Global Market Insights: Detailed Look at Recent Trends
- OSS Partners with U.S. Special Operations for AI Advancements
- Walmart Enhances Shopping Experience with Inclusive Carts
- Oxford Industries Faces Challenges Amid Market Fluctuations
- Blackwell 3D Unveils New Headquarters to Expand Market Presence
- Latest NAV Update for Alliance Trust PLC Revealed Today
- Vehicle Multimedia Quality Shows Positive Trends in Latest Study
- Alaska Air Group Projects Strong Q3 Performance Amid Demand Surge
- Transforming Custom Textile Production with Kornit Digital Solutions
- CNM LLP Welcomes Benjamin Martin as New Partner in NYC
- Exploring Key Commodities to Monitor in 2024 for Growth
- Xeriant Advances Eco-Friendly NEXBOARD Production Plans
- Novatus Global Raises $40 Million for Global Expansion and Tech
- Transforming Dreams into Reality: Detroit's Property Landscape
- NKGen Biotech's Troculeucel Progress in Alzheimer’s Treatment
- Walmart Enhances Shopping Experience with Caroline's Carts
- DatChat Advances with Patent for Innovative Communication Tools
- Innovative Solutions Unveiled at Sapiens Annual Customer Summit
- MT Højgaard's Renovation Project to Enhance Copenhagen Housing
- Franklin Templeton Outlines September to November Fund Dividends
- Medivir Showcases Promising Fostrox Data at ESMO Conference
- CausaLens and Google Cloud Partner for Groundbreaking AI Solution
- N2OFF Sees Significant Stock Surge Amid Venture Enhancements
- Nevada King Secures Silver Park Property Expansion Opportunity
- Walmart Champions Caregiver Convenience with New Carts
- FRNT Financial Inc. Achieves FCA Authorization for Expansion
- ClearBridge Energy Midstream Fund Inc. Revamps Distribution Payments
- Canada Nickel Receives Support for $500 Million Project Funding
- Essence Healthcare Marks Two Decades of Quality Care for Seniors
- Northstar Clean Technologies Secures First Funding from BDC
- Citizens Bank Fosters Boston's Entertainment Scene with Sponsorships
- Targa Exploration Charts New Frontiers at Opinaca Gold Project
- Kids Enjoy Free Meals Daily at Noodles & Company
- SmartBear Unveils Enhanced Performance Monitoring Features
- Enhancing User Experience: Quickplay's New Collaboration
- IntraEdge Expands Higher Education Division with Expert Leadership
- Lithium South Gains Momentum with Phase I Environmental Study
- Gregg Monte Joins Alliant Insurance Services to Drive Growth
- BioVaxys Technology Corp. to Engage Investors Online Soon
- Bridge Industries Strengthens TransTech Group for Future Growth
- Trulieve Cannabis Corp. Prepares for Key Upcoming Events
- ZEISS Pioneers Innovations in Retinal Treatment at Conference
- IceCure Medical Set to Present ProSense® Cryoablation Progress
- Leadership Changes at Color Health: Key Appointments Made
- Kroger Reports Second Quarter 2024 Results and Updates Full-Year Identical Sales Without Fuel Guidance
- Manna Tree Enhances Team with Key Promotions and New Hires
- Dow Inc. Announces Earnings Guidance for Third Quarter 2024
- Kineticos and Orthobond Join Forces to Combat Bacterial Infection