MONTREAL, May 22, 2018 /CNW Telbec/ - NBC Asset
TrustTM (the "Trust"), a closed-end trust established by National Bank of Canada,
announced today its intention to redeem all of the outstanding 400,000 Trust Capital Securities – Series 1 (the "NBC CapS
II – Series 1") on June 30, 2018 at a price per unit of $1,000. The redemption has been approved by the Office of the Superintendent of Financial Institutions.
Notice to the NBC CapS II – Series 1 holders will be delivered in accordance with the terms outlined in the NBC CapS
II – Series 1 prospectus. Separately from the redemption amount, the final semi-annual distribution of $36.175 per NBC CapS II – Series 1 will be paid in the usual manner on June 29,
2018.
Payment of the redemption amount will be held by Computershare Investor Services Inc. and will be payable to holders of the
NBC CapS II – Series 1 as of July 3, 2018. The rights of holders of the NBC CapS II – Series 1 will
be limited to receiving the redemption amount and following the redemption, they will no longer be entitled to distributions or
exercise any other rights.
The holders of NBC CapS II – Series 1 should consult their own tax advisors for advice with respect to the income tax
consequences to them of such redemption having regard to their particular circumstances.
Caution Regarding Forward-Looking Statements
This press release includes certain forward-looking statements. These forward-looking statements include the NBC
Asset Trust's intentions regarding the redemption of the NBC CapS II – Series 1. These statements are inherently subject to
significant risks, uncertainties and changes in circumstances, many of which are beyond the control of NBC Asset Trust and
National Bank of Canada. Except as required by law, NBC Asset Trust and National Bank of
Canada do not undertake to update any forward-looking statements, whether written or oral, that
may be made from time to time, by them or on their behalf. The forward-looking information contained in this press release is
presented for the purpose of interpreting the information contained herein and may not be appropriate for other purposes.
About National Bank of Canada
With $251 billion in assets as at January 31, 2018, National Bank of Canada , together with its
subsidiaries, forms one of Canada's leading integrated financial groups. It has more than
21,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its
commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities
at nbc.ca or via social media such as
Facebook , LinkedIn and Twitter .
SOURCE National Bank of Canada
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