Mr. Alexandre Guay of National Bank of Canada reports

NATIONAL BANK INVESTMENTS ANNOUNCES THE VOLUNTARY DELISTING OF THE ETF SERIES OF A NBI FUND

National Bank Investments Inc. (NBI) intends to voluntarily delist from the Toronto Stock Exchange the ETF (exchange-traded fund) series units (symbol NTGA) of the NBI Target 2026 Investment Grade Bond Fund prior to the fund's termination, which will occur on or about Nov. 26, 2026, in accordance with its investment objectives.

Units of the ETF series of the fund are anticipated to be voluntarily delisted from the TSX at the request of NBI and to cease trading following the market close on or about Nov. 25, 2026.

Unitholders may continue to buy or sell units on the TSX until they are delisted.

Prior to the fund termination date, NBI will, to the extent reasonably possible, sell and convert the assets of the fund to cash. After paying or making adequate provision for the liabilities and obligations of the fund, NBI will, on or about the fund termination date, distribute the net assets of the fund on a pro rata basis among the unitholders of record on the fund termination date based on the net asset value per unit of the fund.

NBI will issue an additional news release on or about Nov. 27, 2026, confirming the final details of the delisting of the units of the fund.

About NBI funds

NBI funds are offered by National Bank Investments, 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. ETF series units of the funds are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. ETF series of the funds do not seek to return any predetermined amount at maturity.

About 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 Sept. 30, 2026, assets under management in NBI products were valued at over $128-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 advisers build portfolios adapted to their clients' financial needs.

NBI 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 $635-billion in assets as at July 31, 2026, National Bank of Canada is one of Canada's six systemically important banks. The bank has more than 37,000 employees in knowledge-intensive positions and operates three business segments in Canada: personal and commercial banking, wealth management, and capital markets. A fourth segment, U.S. specialty finance and international, complements the growth of its domestic operations. National Bank of Canada's securities are listed on the Toronto Stock Exchange.