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National Bank of Canada | Non-Cumulative Fixed Rate First Preferred Shares Series 16 (NA.PRL.CA)
Prospectus excerpt: This prospectus qualifies the distribution of 8,000,000 Non-Cumulative Fixed Rate First Preferred Shares Series 16 (the ‘‘Preferred Shares Series 16’’) in the capital of National Bank of Canada (also referred to as the ‘‘Bank’’). Non-cumulative preferential cash dividends on the Preferred Shares Series 16, if, as and when declared, will be payable quarterly on the fifteenth day of February, May, August and November of each year commencing May 15, 2005. The dividend rate on the Preferred Shares Series 16 for each quarter will be 4.85% per annum. The initial dividend, if, as and when declared, will be payable on May 15, 2005 in the amount of $0.202637 per share, based upon an anticipated closing date of March 15, 2005. See ‘‘Details of the Offering’’. The Preferred Shares Series 16 will not be redeemable prior to May 15, 2010. Subject to obtaining the consent of the Superintendent of Financial Institutions (Canada) (the ‘‘Superintendent’’), the Bank may, at its option, redeem for cash the Preferred Shares Series 16 on or after May 15, 2010, in whole or in part, at any time, at a price equal to $26.00 per share, if redeemed prior to May 15, 2011, at $25.75 per share, if redeemed during the twelve months prior to May 15, 2012, at $25.50 per share, if redeemed during the twelve months prior to May 15, 2013, at $25.25 per share, if redeemed during the twelve months prior to May 15, 2014, and at $25.00 per share, if redeemed on or after May 15, 2014, in each case together with all declared and unpaid dividends thereon to the date fixed for redemption. See ‘‘Details of the Offering’’. Full Prospectus PDF », NA.CA Page »
Series: | 16 | Alternate symbology: | NA-L.CA, NA-PL.CA, NAprL.CA | Redeemable?: | Yes | Call Date: | 5/15/2014 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 8000000 | Liquidation Preference: | $25 | Original Coupon: | 4.85% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
Learn NA.PRL.CA's Rating
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National Bank of Canada is a financial institution. Co. operates four business segments: Personal and Commercial, which encompasses the banking, financing, and investing services; Wealth Management, which comprises investment solutions, trust services, banking services, lending services and other wealth management solutions; Financial Markets, which encompasses corporate banking and investment banking and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors; and U.S. Specialty Finance and International, which encompasses the finance capabilities provided by the Credigy Ltd. subsidiary. Preferreds: NA.PRL.CA, NA.PRM.CA, NA.PRN.CA, NA.PRO.CA, NA.PRP.CA, NA.PRQ.CA Open the NA.CA Information Page »
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Name: |
National Bank of Canada |
Website: |
www.nbc.ca |
Sector: |
Banking & Savings |
Number of ETFs Holding NA.CA: |
1 (see which ones) |
Total Market Value Held by ETFs: |
$2,624,615 |
Total Market Capitalization: |
$36,220,000,000 |
% of Market Cap. Held by ETFs: |
0.01% |
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