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Stock-related information
As at January 31, 2013, a total of 162,207,005 common shares and a total of 30,461,576 first preferred shares were issued and outstanding, and no second preferred shares were issued and outstanding. The common shares of the Bank as well as the first preferred shares (Series 16, 20, 21, 24, 26 and 28) are listed on the Toronto Stock Exchange.
(1) January 15, 2013, the Bank completed the repurchase of all of its non-cumulative fixed-rate Series 15 First Preferred Shares.
These dividends constitute eligible dividends pursuant to the Income Tax Act (Canada). National Bank, as it is now, is the result of the amalgamation on November 1, 1979 between the Provincial Bank of Canada and the Bank Canadian National. History of the daily closing prices since 1979 for the National Bank's common share traded on the TSX.
Valuation Date Price For capital gains purposes, the common shares valuation date was fixed on December 31, 1971, at which date the Provincial Bank of Canada share closed at $6.6875 and the Bank Canadian National closed at $7.125, after adjusting for a two-for-one stock split on February 12, 1987. Series 16 (Series L) (NA.PR.L) Subject to obtaining the consent of the Superintendent of Financial Institutions (Canada) and the provisions of the Bank Act (Canada), 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 12 months prior to May 15, 2012, at $25.50 per share, if redeemed during the 12 months prior to May 15, 2013, at $25.25 per share, if redeemed during the 12 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. Non cumulative preferential cash dividends on the Preferred Shares Series 16, if, as and when declared, will be payable quarterly on the 15th 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. Series 20 (Series M) (NA.PR.M) Subject to obtaining the consent of the Superintendent of Financial Institutions (Canada) and the provisions of the Bank Act (Canada), the Bank may, at its option, redeem for cash the Preferred Shares Series 20 on or after May 15, 2013, in whole or in part, at any time, at a price equal to $26.00 per share, if redeemed during the 12 months prior to May 15, 2014, at $25.75 per share, if redeemed during the 12 months prior to May 15, 2015, at $25.50 per share, if redeemed during the 12 months prior to May 15, 2016, at $ 25.25 per share, if redeemed during the 12 months prior to May 15, 2017 and at $25.00 per share, if redeemed on or after May 15, 2017, in each case together with all declared and unpaid dividends thereon to the date fixed for redemption. The holders of the Preferred Shares Series 20 will be entitled to receive a quarterly non-cumulative preferential cash dividend, as and when declared by the Board of Directors, on the 15th day of each of February, May, August, and November of in each year (the "Dividend Payment Date"), at a quarterly rate equal to $0.375 per share. Series 21 (Series N) (NA.PR.N) Subject to the provisions of the Bank Act (Canada) and to the prior consent of the Superintendent of Financial Institutions Canada and to the provisions described under “Restrictions on Dividends and Retirement of Shares” of the prospectus, on August 16, 2013 and on August 16 every five years thereafter, the Bank may redeem all or any part of the then outstanding Preferred Shares Series 21, at the Bank's option without the consent of the holder, by payment of an amount in cash for each such share so redeemed of $25.00 together with all declared and unpaid dividends to the date fixed for redemption. Reference is made to “Details of the Offering” in the prospectus. The holders of the Preferred Shares Series 21 will be entitled to receive fixed quarterly non-cumulative preferential cash dividends, as and when declared by the Board of Directors, subject to the provisions of the Bank Act, on the 15th day of each of February, May, August, and November of each year, at an annual rate equal to $1.34 per share. Series 24 (Series O) (NA.PR.O) Subject to the provisions of the Bank Act (Canada) and to the prior consent of the Superintendent of Financial Institutions Canada and to the provisions described under "Details of the Offering - Certain Provisions of the First Preferred Shares Series 24 as a Series - Restrictions on Dividends and Retirement of Shares" of the prospectus, on February 15, 2014 and on February 15 every five years thereafter, the Bank may redeem all or any part of the then outstanding First Preferred Shares Series 24, at the Bank's option without the consent of the holder, by payment of an amount in cash for each such share so redeemed of $25.00 together with all declared and unpaid dividends to the date fixed for redemption. Reference is made to "Details of the Offering" in the prospectus. The holders of the Preferred Shares Series 24 will be entitled to receive fixed quarterly non-cumulative preferential cash dividends, as and when declared by the Board of Directors, subject to the provisions of the Bank Act, on the 15th day of each of February, May, August, and November of each year, at an annual rate equal to $1.65 per share. Subject to the provisions of the Bank Act (Canada) and to the prior consent of the Superintendent of Financial Institutions Canada and to the provisions described under "Details of the Offering - Certain Provisions of the First Preferred Shares Series 26 as a Series - Restrictions on Dividends and Retirement of Shares" of the prospectus, on February 15, 2014 and on February 15 every five years thereafter, the Bank may redeem all or any part of the then outstanding First Preferred Shares Series 26, at the Bank's option without the consent of the holder, by payment of an amount in cash for each such share so redeemed of $25.00 together with all declared and unpaid dividends to the date fixed for redemption. Reference is made to "Details of the Offering" in the prospectus. The holders of the Preferred Shares Series 26 will be entitled to receive fixed quarterly non-cumulative preferential cash dividends, as and when declared by the Board of Directors, subject to the provisions of the Bank Act, on the 15th day of each of February, May, August, and November of each year, at an annual rate equal to $1.65 per share. Subject to the provisions of the Bank Act (Canada) and to the prior consent of the Superintendent of Financial Institutions Canada and to the provisions described under "Details of the Offering - Certain Provisions of the First Preferred Shares Series 28 as a Series - Restrictions on Dividends and Retirement of Shares" of the prospectus, on November 15, 2017 and on November 15 every five years thereafter, the Bank may redeem all or any part of the then outstanding First Preferred Shares Series 28, at the Bank's option without the consent of the holder, by payment of an amount in cash for each such share so redeemed of $25.00 together with all declared and unpaid dividends to the date fixed for redemption. Reference is made to "Details of the Offering" in the prospectus. The holders of the Preferred Shares Series 28 will be entitled to receive fixed quarterly non-cumulative preferential cash dividends, as and when declared by the Board of Directors, subject to the provisions of the Bank Act, on the 15th day of each of February, May, August, and November of each year, at an annual rate equal to $0.95 per share. The initial dividend, if declared, will be payable on February 15, 2013 and will be $0.2603 per share, based on the anticipated closing date of November 7, 2012. Dividend Reinvestment and Share Purchase Plan (DRIP) The enrolment in the DRIP provides a convenient method for holders of National Bank's eligible shares to acquire common shares, without payment of brokerage fees or administration fees. On May 28, 2009, National Bank unveiled its revised Plan which enables holders of eligible shares to reinvest their cash dividends in common shares in either of the following ways:
On December 10, 2009, National Bank announced that the Common Shares subscribed by the participants to the DRIP will now be acquired on their behalf by way of purchase on the secondary market, without any discount, by Computershare Trust Company of Canada, the transfer agent of the Bank. This share purchase method will be automatically applicable as of the time of the reinvestment of the dividends payable respectively on February 1st, 2009 and February 15, 2009 on Common and First Preferred Shares registered in the Bank's register respectively on December 24, 2009 and January 8, 2009. Dividend Reinvestment and Share Purchase Plan Holders whose eligible shares are held in their name in National Bank's shareholders' register and wishing to join the Plan can obtain further information from National Bank's transfer agent, Computershare Trust Company of Canada, by mail, phone or fax. Holders whose shares are held in their name by a market intermediary must contact their financial institution or broker for instructions on how to participate in the Plan. Computershare Trust Company of Canada * Access all the National Bank's SEDAR Information and Filings |
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