MONTREAL, May 31, 2018 (GLOBE NEWSWIRE) --
Not for distribution to U.S. news wire services or for dissemination in the United
States.
National Bank of Canada (“National Bank”) today announced that as a result of strong investor demand for its
previously announced domestic public offering of non-cumulative 5-year rate reset first preferred shares series 42 (non-viability
contingent capital (NVCC)) (the “Series 42 Preferred Shares”), the underwriters have exercised their option to purchase an
additional 2,000,000 Series 42 Preferred Shares. The size of the offering has been increased to 12 million shares for gross
proceeds of $300 million. The offering will be underwritten by a syndicate led by National Bank Financial Inc. The expected closing
date is on or about June 11, 2018.
The net proceeds of the offering will be used for general corporate purposes and added to National Bank’s
capital base.
The Series 42 Preferred Shares have not been and will not be registered under the U.S. Securities Act of 1933,
as amended, or under any state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the
United States of America and its territories and possessions or to, or for the account or benefit of, United States persons except
in certain transactions exempt from the registration requirements of such Act. This press release shall not constitute an offer to
sell or a solicitation to buy securities in the United States.
Caution Regarding Forward-Looking Statements
This press release includes certain forward-looking statements. These statements are inherently subject to
significant risks, uncertainties and changes in circumstances, many of which are beyond the control of the Bank. Except as required
by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time
to time, by it or on its 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 $256 billion in assets as at April 30, 2018, National Bank of Canada, together with its subsidiaries, forms one of
Canada's leading integrated financial groups. It has more than 22,000 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.
For more information:
Linda Boulanger
Vice-President, Investor Relations
National Bank of Canada
Tel.: 514-394-0296
Claude Breton
Vice-President, Public Affairs
National Bank of Canada
Tel.: 514-394-8644
