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MONTREAL, April 24, 2026 /CNW/ - National Bank of Canada (the "Bank") (TSX: NA) announces that each director nominee listed in the Management Proxy Circular dated February 24, 2026, was elected as director of the Bank during the annual meeting of shareholders held today.
Here are the detailed results of the votes:
DIRECTOR NOMINEE | OUTCOME | FOR | % FOR | WITHHELD | % WITHHELD |
Pierre Blouin | Elected | 226,401,541 | 99.44 | 1,276,027 | 0.56 |
Pierre Boivin | Elected | 220,782,577 | 96.97 | 6,894,991 | 3.03 |
Scott Burrows | Elected | 226,475,917 | 99.47 | 1,201,651 | 0.53 |
Yvon Charest | Elected | 226,215,911 | 99.36 | 1,461,657 | 0.64 |
Patricia Curadeau-Grou | Elected | 226,901,286 | 99.66 | 776,282 | 0.34 |
Laurent Ferreira | Elected | 227,033,495 | 99.72 | 644,073 | 0.28 |
Karen Kinsley | Elected | 226,790,777 | 99.61 | 886,791 | 0.39 |
Lynn Loewen | Elected | 224,329,774 | 98.53 | 3,347,794 | 1.47 |
Rebecca McKillican | Elected | 226,821,709 | 99.62 | 855,859 | 0.38 |
Arielle Meloul-Wechsler | Elected | 226,537,515 | 99.50 | 1,140,053 | 0.50 |
Sarah Morgan-Silvester | Elected | 226,988,788 | 99.70 | 688,780 | 0.30 |
Robert Paré | Elected | 226,094,913 | 99.30 | 1,582,655 | 0.70 |
Pierre Pomerleau | Elected | 226,983,845 | 99.70 | 693,723 | 0.30 |
Irfhan Rawji | Elected | 226,991,380 | 99.70 | 686,188 | 0.30 |
Macky Tall | Elected | 226,890,195 | 99.65 | 787,373 | 0.35 |
The results of the final votes regarding all matters subject to a vote during the annual meeting of shareholders are available on the websites of the Bank and SEDAR+.
About National Bank of Canada
With $606 billion in assets as at January 31, 2026, National Bank of Canada is one of Canada's six systemically important banks. The Bank has more than 35,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media.
SOURCE National Bank of Canada
MONTREAL, April 1, 2026 /CNW/ - National Bank Investments Inc. ("NBI") announced today portfolio management and investment strategies changes for certain NBI Funds, the reduction of management and administration fees for certain NBI Funds, the change to the name of the NBI Active International Equity Fund, and a change to the management fee reduction plan for high net worth investors (the "Reduction Plan").
Portfolio management and investment strategies changes
On or about May 1st, 2026, NBI will transition the portfolio sub-advisory responsibilities for the NBI Active International Equity Fund from Montrusco Bolton Investments Inc. to Franklin Templeton Investments Corp. ("FTIC"). FTIC will appoint Franklin Templeton Investment Management Limited and Putnam Investment Management, LLC to jointly act as delegated portfolio sub-advisors.
On the same date, the NBI Active International Equity Fund's investment strategies will be modified to reflect the investment approach of the Fund's new delegated portfolio sub-advisors. The Fund's investment objective remains unchanged.
On or about May 8, 2026, NBI will replace Mackenzie Financial Corporation as portfolio manager of the NBI Canadian Equity Growth Fund and will appoint Picton Mahoney Asset Management to act as portfolio sub-advisor of the Fund.
On the same date, the NBI Canadian Equity Growth Fund's investment strategies will be modified to reflect the investment approach of the Fund's new portfolio sub-advisor. The Fund's investment objective remains unchanged.
These changes are in line with the governance process of NBI's open architecture structure.
Name change
On or about May 1st, 2026, the NBI Active International Equity Fund will be renamed as follows:
Current Name | New Name |
NBI Active International Equity Fund | NBI International Value Fund |
Management and administration fee reductions
Effective on or about May 12, 2026, management and administration fees for the fund series listed in the table below will be reduced as follows:
Funds and series | Management fees | Administration | ||
Current | New | Current | New | |
NBI U.S. Equity Index Fund - F Series | 0.20 % | 0.05 % | 0.14 % | 0.10 % |
NBI Canadian Equity Index Fund - F Series | 0.20 % | 0.05 % | 0.13 % | 0.10 % |
NBI International Equity Index Fund - F Series | 0.20 % | 0.17 % | 0.14 % | 0.10 % |
Effective on or about May 12, 2026, administration fees for the fund series listed in the table below will be reduced as follows:
Funds and series | Administration fees | |
Current | New | |
NBI U.S. Equity Index Fund - Investor Series | 0.14 % | 0.10 % |
NBI Canadian Equity Index Fund - Investor Series | 0.13 % | 0.10 % |
NBI International Equity Index Fund - Investor Series | 0.14 % | 0.10 % |
Effective on or about May 12, 2026, management fees for the fund series listed in the table below will be reduced as follows:
Funds and series | Management fees | |
Current | New | |
Meritage Tactical ETF Moderate Portfolio - Advisor and T5 Series | 1.15 % | 1.05 % |
Meritage Tactical ETF Moderate Portfolio - F and F5 Series | 0.40 % | 0.30 % |
Meritage Tactical ETF Balanced Portfolio - Advisor and T5 Series | 1.40 % | 1.30 % |
Meritage Tactical ETF Balanced Portfolio - F and F5 Series | 0.40 % | 0.30 % |
Meritage Tactical ETF Growth Portfolio - Advisor and T5 Series | 1.40 % | 1.30 % |
Meritage Tactical ETF Growth Portfolio - F and F5 Series | 0.40 % | 0.30 % |
Meritage Tactical ETF Equity Portfolio - Advisor and T5 Series | 1.40 % | 1.30 % |
Meritage Tactical ETF Equity Portfolio - F and F5 Series | 0.40 % | 0.30 % |
Change to the Reduction Plan
Effective on or about May 12, 2026, NBI will discontinue the Reduction Plan applicable to the Meritage Tactical ETF Moderate Portfolio, the Meritage Tactical ETF Balanced Portfolio, the Meritage Tactical ETF Growth Portfolio and the Meritage Tactical ETF Equity Portfolio. For further details regarding the Reduction Plan, please consult the "Management fee reduction plan for high net worth investors" section in the Simplified Prospectus of the NBI Funds and ETFs.
All the aforementioned changes will be included in an amendment to the simplified prospectus for the NBI Funds and ETFs which will be filed on the SEDAR+ website and on the NBI website.
About NBI Funds
NBI Funds (the "Funds") are offered by National Bank Investments Inc., an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the Funds before investing. The Funds' securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Funds are not guaranteed, their values change frequently, and past performance may not be repeated.
About Meritage Portfolios®
Meritage Portfolios® (the "Portfolios") are managed by National Bank Investments Inc., an indirect wholly owned subsidiary of National Bank of Canada, and sold by authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or Fund Facts document(s) 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 registered trademarks of National Bank of Canada, used under licence by National Bank Investments Inc.
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 December 31, 2025, assets under management in NBI products were valued at over $109 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 $606 billion in assets as at January 31, 2026, National Bank of Canada (the "Bank") is one of Canada's six systemically important banks. The Bank has more than 35,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media.
SOURCE National Bank of Canada
