Mr. Alexandre Guay reports

NATIONAL BANK INVESTMENTS LAUNCHES THREE NEW FUNDS

National Bank of Canada's National Bank Investments Inc. (NBI) has launched three new funds: the NBI Target 2030 Investment Grade Bond Fund, the NBI Target 2031 Investment Grade Bond Fund and the NBI Active U.S. Equity Fund.

The NBI funds' series are already available for purchase.

"We are committed to offering products that meet both the diversified needs of investors and today's market challenges. The launch of these new funds expands the range of one of our most popular fixed-income solutions and broadens the distribution channel for one of our most attractive equity strategies," said Martin Felton, vice-president, national sales, 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 Target 2030 Investment Grade Bond Fund and the NBI Target 2031 Investment Grade Bond Fund, and of Montrusco Bolton Investments Inc. for the NBI Active U.S. Equity Fund.

The fund codes and management fees for these new NBI funds are provided in the attached table.

The NBI Target 2030 Investment Grade Bond Fund's investment objective is to provide current income and preserve capital over a predetermined time period. The fund invests, directly or indirectly, through investments in securities of other mutual funds, in a portfolio consisted primarily of investment-grade bonds of North American companies with an effective maturity in 2030. It is anticipated that the fund will terminate on or around Nov. 30, 2030, or at an earlier date upon not less than 60 days of notice to unitholders.

The NBI Target 2031 Investment Grade Bond Fund's investment objective is to provide current income and preserve capital over a predetermined time period. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio consisted primarily of investment-grade bonds of North American companies with an effective maturity in 2031. It is anticipated that the fund will terminate on or around Nov. 30, 2031, or at an earlier date upon not less than 60 days of notice to unitholders.

The NBI Active U.S. Equity Fund's investment objective is to provide long-term capital growth. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio consisted primarily of common shares of U.S. companies.

About NBI funds

NBI funds are offered by NBI, 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 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 Dec. 31, 2024, assets under management in NBI products were valued at over $96.58-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 $462-billion in assets as at Oct. 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. Its securities are listed on the Toronto Stock Exchange.