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Beutel Goodman announces the retirement of Bruce Corneil

September 22, 2014

Beutel Goodman announced on Monday that Bruce Corneil, Managing Director of Fixed Income, will be retiring on March 31, 2015. In his role as Managing Director, Bruce oversaw all fixed income investments for Beutel Goodman. David Gregoris, who has worked alongside Bruce since 1994 as portfolio manager and strategist, will succeed to Bruce as Managing Director.

This is an important development, which triggers a due diligence review to assess the impact of this change on the Beutel Goodman fund held in Meritage Portfolios, namely the Beutel Goodman Income Fund. The due diligence review includes a comprehensive analysis of any quantitative and qualitative factors related to this change thereby ensuring that Meritage Portfolios continue to hold funds with above average prospects for long term risk-adjusted returns.

The results of the due diligence review will be communicated over the coming weeks.

The commitment of Meritage Portfolios has always been to offer the best blend of the best funds available in the industry. From over 5,000 funds available to investors, 29 were carefully selected based on their potential return, sustained performance over time and the synergy of their portfolio managers’ investment approaches.

About Meritage Portfolios®
The Meritage Portfolios (the “Portfolios”) are managed by National Bank Investments 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 Portfolios. Please read the prospectus of the Portfolios before investing. The Portfolios’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated. “Meritage Portfolios®” and the Meritage Portfolios® logo are trademarks of National Bank of Canada and are used by National Bank Investments Inc.