Mr. Alexandre Guay reports

NATIONAL BANK INVESTMENTS LAUNCHES THREE NEW FUNDS

National Bank of Canada has launched three new funds: the NBI Senior Loan Fund, the NBI Global Climate Ambition Fund and the NBI Sustainable Global Bond Fund.

The NBI funds' series are already available for purchase.

"With the launch of a thematic fund, an impact fund and a senior loan fund, we continue to lead the way by offering clients dynamic and high-growth investment opportunities. Aligned with our responsible investment philosophy and innovative approach, these new solutions not only address the increasing demand for sustainable products but also reaffirm our commitment to help investors meet their financial goals while making a difference for society and the planet," said Martin Felton, vice-president, national sales, at NBI.

National Bank Trust Inc. (NBT) acts as portfolio manager for the NBI funds and delegates investment decisions to portfolio subadvisers. NBT has retained the services of AlphaFixe Capital Inc. as portfolio subadviser of the NBI Senior Loan Fund, Amundi Canada Inc. for the NBI Global Climate Ambition Fund and Nuveen Asset Management LLC with regard to the NBI Sustainable Global Bond Fund.

Attached is the fund codes and management fees for these new NBI funds.

The NBI Senior Loan Fund's investment objective is to generate a high level of current income. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprising primarily of senior floating rate loans, which are generally rated below investment grade, of corporate issuers located throughout the world and other floating rate debt instruments.

The NBI Global Climate Ambition Fund's investment objective is to provide long-term capital growth while following a sustainable investment approach and aiming to reduce the carbon footprint of the portfolio. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of companies located around the world.

The NBI Sustainable Global Bond Fund's investment objective is to provide a high level of current income and some capital growth while following a sustainable approach to investing. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of bonds issued by governments or corporations located around the world.

About National Bank of Canada

With $454-billion in assets as at July 31, 2024, National Bank of Canada is one of Canada's six systemically important banks. The bank has approximately 30,000 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.