Montreal-based National Bank Investments Inc. is introducing lower management fees that will be eligible to some investors effective Nov. 1, the firm announced on Thursday.
Certain investors holding Advisor, F, F5, FT, T and T5 series funds may be eligible for reduced fees depending on the size of their investment in one or more of the firm’s Meritage Portfolios and National Bank mutual funds.
The reduced fee plan would apply to individuals who have a minimum investment of $100,000 in one eligible fund series, which was bought under one purchase option and in one currency where applicable.
The reduction would also apply to those who have $250,000 invested in several Meritage Portfolios and National Bank mutual funds. Another requirement is that the funds be invested through the same registered dealer representative.
Further details about the plan will be made available to investors through these funds’ simplified prospectus.