New $25 M Issue of the Fonds d’investissement Actions-croissance PME inc.
Montreal, 22 May 2007 -
Potential tax deduction of approximately 75% under the Quebec SME Growth Stock Plan, an objective surpassed in the past five years for previously issued series (SME Growth Stock Plan and QSSP)
Participation in a diversified Canadian small-cap equity fund heavily weighted in Quebec stocks
One of only two Quebec funds in the provincial SME Growth Stock Plan
Natcan Investment Management inc., as the Fund manager and portfolio advisor, has announced a new issue of Class A Shares, series 2007, of the Fonds d’investissement Actions-croissance PME inc. (the “Fund”) for an amount of $25 million.
The Fund is designed to provide medium- and long-term capital appreciation in a manner compatible with protection of capital and to entitle subscribers of Class A Shares, series 2007, of the Fund to claim a deduction under the Quebec SME Growth Stock Plan for income tax purposes for the 2007 tax year. The Fund will therefore invest the proceeds of the issuance of Class A Shares, series 2007, primarily in Quebec-based companies whose securities qualify for the Quebec SME Growth Stock Plan.
“Investors who opt for the Fonds d’investissement Actions-croissance PME inc. will be contributing to the expansion of Quebec companies that the Fund managers consider to be potentially strong performers,” explained Robert Beauregard, Senior Vice-President, Natcan Investment Management. “Investors who had Class A Shares of the 2005 and 2006 series of the Fund were eligible for a 100% tax deduction,” he added.
The Class A Shares, series 2007, of the Fonds d’investissement Actions-croissance PME inc. can be purchased through National Bank Financial by calling 1‑800‑361‑8838 (toll free) or 514‑879‑2222, National Bank Direct Brokerage by calling 1‑800‑363‑3511 or 514‑866‑6755, or through most investment advisors and mutual funds representatives in Québec (FundSERV code FIA110). A minimum initial subscription of $2,000 per subscriber is required.
This document is for information purposes only and does not constitute an offer to sell or a solicitation to buy the Fonds d’investissement Actions-croissance PME inc. mentioned herein. While the information provided herein has been obtained from sources we believe to be reliable, we do not guaranty its accuracy or its completeness, and it does not confer any right to purchasers. No securities regulatory authority has in any way passed upon the merits of this fund and any representation to the contrary is an offence. The Fonds d’investissement Actions-croissance PME inc. (the “Fond”) is offered by National Bank Financial Inc., a subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The Fond is not guaranteed, its value changes frequently and past performance may not be repeated.
About Natcan Investment Management Inc.
Founded in 1990, Natcan Investment Management Inc. is a National Bank subsidiary that is 25% held by its management team. Recognized as one of the largest institutional fund managers in Canada, Natcan Investment Management Inc. specializes in portfolio management for pension funds, endowment funds, pooled funds and wealth management. It favours a versatile management style focused on value creation, capital preservation and a disciplined approach. Natcan Investment Management Inc., whose activities extend to markets around the world, has more than $32 billion in assets under management and more than 100 employees.
About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $120 billion in assets and, together with its subsidiaries, employs 16,908 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644