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PPN, Series 1 Rebalances Assets to a Bond

Oct 17 2008

NATIONAL BANK STONE PURE TOTAL RETURN™ PRINCIPAL PROTECTED DEPOSIT NOTES, SERIES 1 REBALANCES ASSETS TO A BOND
 
October 15, 2008
 
Recent market volatility negatively impacted the performance of the National Bank Stone Pure Total Return™ Principal Protected Deposit Notes, Series 1 and resulted in a rebalancing of assets between certain Stone-managed Funds and the Bond on October 7, 2008. The net proceeds from the sale of all the units and shares of the Funds were invested in a Bond to ensure full repayment of the Initial Deposit Amount of $100.00 per Deposit Note on the Maturity Date, as per the terms of the Information Statement. As a result, the Deposit Notes will produce no return on the Maturity Date, regardless of the subsequent performance of the Funds.
 
The Agent intends to maintain until the Maturity Date, under normal market conditions, a daily secondary market for the Deposit Notes as per the Information Statement.
 
For any further information, please consult the Information Statement (all information about the Deposit Notes is available on its website at www.fpsgroup.ca) or contact either National Bank’s Financial Products Solutions Group at 1-877-879-6423, or Stone Client Services at 1-800-795-1142.
 
About Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly-owned subsidiaries, Stone & Co. Limited and Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

 

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