Bullboard - Stock Discussion Forum National Bank of Canada T.NA.R

Primary Symbol: T.NA Alternate Symbol(s): NBKCF | NBCDF | T.NA.PR.C | T.NA.PR.E | NTIOF | T.NA.PR.G | T.NA.PR.S | T.NA.PR.W

National Bank of Canada (the Bank) operates as an integrated financial group. The Bank operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International (USSF&I). Its Personal and Commercial segment includes banking, financing, and investing services offered to individuals, advisors, and businesses as well as insurance... see more

Add To Watchlist

TSX:NA - Post Discussion

National Bank of Canada > Repurchase of common shares

View:

Post by Betteryear2 on Dec 01, 2021 6:57am

Repurchase of common shares

On November 30, 2021, the Bank's Board of Directors approved a normal course issuer bid, beginning December 10, 2021, to repurchase for cancellation up to 7,000,000 common shares (representing approximately 2% of its outstanding common shares) over the 12-month period ending December 9, 2022. Any repurchase through the Toronto Stock Exchange will be done at market prices. The common shares may also be repurchased through other means authorized by the Toronto Stock Exchange and applicable regulations, including private agreements or share repurchase programs under issuer bid exemption orders issued by the securities regulators. A private purchase made under an exemption order issued by a securities regulator will be done at a discount to the prevailing market price. The amounts that are paid above the average book value of the common shares are charged to Retained earnings. This normal course issuer bid is subject to the approval of OSFI and the Toronto Stock Exchange (TSX).

211