National Bank Securities Inc. Announces Changes to the National Bank Securities Mutual Funds

 National Bank Securities Inc. Announces Changes to the National Bank  Securities Mutual Funds  MONTREAL, May 2, 2014 /CNW Telbec/ - National Bank Securities Inc. ("NBSI"),  manager of the National Bank Securities Mutual Funds (the "Funds"), announced  today that it was implementing changes to the Funds. Such changes will be  reflected in the Simplified Prospectus of the National Bank Securities Mutual  Funds which will be filed on or about May 12, 2014.  First, NBSI announces a change in the risk rating associated with investments  in certain Funds. NBSI has a risk rating policy based upon the guidelines  established by the Investment Funds Institute of Canada which are themselves  based primarily upon the variability of a mutual fund's returns. In the  application of this policy, NBSI decided to change the risk rating of certain  Funds, as indicated below. No material change has been made to the investment  objectives, strategies or management of these Funds.           ___________________________________________________________________     |                              |                    |               |     |Name of Funds                 |Current Risk Rating |New Risk Rating|     |                              |                    |               |     |______________________________|____________________|_______________|     |Altamira Corporate Bond Fund  |Low to medium       |Low            |     |______________________________|____________________|_______________|     |National Bank Monthly Moderate|Low to medium       |Low            |     |Income Fund                   |                    |               |     |______________________________|____________________|_______________|     |National Bank Monthly High    |Medium              |Low to medium  |     |Income Fund                   |                    |               |     |______________________________|____________________|_______________|     |National Bank Monthly Equity  |Medium              |Low to medium  |     |Income Fund                   |                    |               |     |______________________________|____________________|_______________|     |AltaFund Investment Corp.     |Medium              |Medium to high |     |______________________________|____________________|_______________|     |Altamira Quebec Growth Fund   |Medium to high      |Medium         |     |______________________________|____________________|_______________|   Second, NBSI announces a change in the investment strategy of the Altamira  Tactical Asset Allocation Fund in order to allow the Fund to increase its  investments in foreign securities, namely in debt securities issued by  governments, municipalities or companies in developed and emerging countries,  in agency securities and in high yield bonds. Changes made to the investment  strategy of the Fund seek to provide greater diversification among the  different asset classes. NBSI does not expect the risk level of the Fund to  increase due to this change.  Finally, NBSI announces the re-opening of the Omega Preferred Equity Fund to  new investors as of May 12, 2014. The Fund had been closed to new investors  since September 30, 2012. The Omega Preferred Equity Fund is managed by Intact  Investment Management ("Intact"). The Fund's investment objective is to  generate high dividend income while focusing on capital preservation.  "The Omega Preferred Equity Fund has proven to be an excellent investment  product for investors looking for stable distributions in the form of dividend  income and we are proud to be able to allow new investors to benefit from  Intact's expertise" said Michel Falk, President of NBSI.  About National Bank Securities Inc. National Bank Securities Inc. is a subsidiary specializing in designing and  managing mutual funds and mutual fund portfolios. We are an investment fund  management firm dedicated to providing a broad selection of investment  solutions that meet a variety of investment profiles. National Bank  Securities' role is not limited to administrative aspects of management;  National Bank Securities Advisory Services and its registered mutual fund  representatives form a team of specialists who provide information and advice  to help you develop a portfolio adapted to your financial needs.  Products offered by National Bank Securities are distributed in the National  Bank branch network, through National Bank Direct Brokerage, National Bank  Financial and by authorized external brokers across Canada. The value of  assets under management in National Bank Securities products is $16.5 billion  (as at October 31, 2013).  National Bank Securities Mutual Funds (the "Funds") are offered by National  Bank Securities Inc., a wholly owned subsidiary of National Bank of Canada.  Commissions, trailing commissions, management fees and expenses all may be  associated with investments in the Funds. 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. For  money market funds, there can be no assurances that a fund will be able to  maintain its net asset value per security at a constant amount or that the  full amount of the investment in a fund will be returned. The Funds are not  guaranteed, their values change frequently and past performance may not be  repeated.  About National Bank of Canada With $195 billion in assets as at January 31, 2014, National Bank of Canada  (, together with its subsidiaries, forms one of Canada's leading  integrated financial groups, and has been named among the 20 strongest banks  in the world by Bloomberg Markets magazine. The Bank has close to 20,000  employees and is widely recognized as a top employer. Its securities are  listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities  via social media and learn more about its extensive community involvement at and    SOURCE  National Bank of Canada  (The telephone number provided below is for the exclusive use of  journalists  and other media representatives.)  Marie-Pierre Jodoin Senior Advisor - Public Affairs National Bank Tel.:  514-394-4209  To view this news release in HTML formatting, please use the following URL:  CO: National Bank of Canada ST: Quebec NI: FIN FND FLOWS  
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