National Bank of Canada offers a 2% discount on the reinvestment of dividends in newly issued Common Shares under its Dividend Reinvestment and Share Purchase Plan
Montreal, 28 May 2009 -
National Bank of Canada (TSX: NA) today announces amendments to its Dividend Reinvestment and Share Purchase Plan (the “Plan”). The Bank now offers a 2% discount from the average subscription price paid upon the reinvestment in Common Shares issued from treasury of dividends paid on Common Shares and First Preferred Shares in the share capital of the Bank held by participants in the Plan. Most recently, the Common Shares purchased under the Plan have been issued from treasury with no discount to the average subscription price.
This discount does not apply when the Bank acquires the necessary additional Common Shares on the secondary market rather than issuing them from treasury and when participants in the Plan acquire Common Shares by way of optional cash payments.
Participants in the Plan who are Common or First Preferred Shareholders of record respectively as of June 25, 2009 or July 10, 2009 shall be automatically entitled to the discount starting with the dividend payable on August 1, 2009 to Common Shareholders and on August 15, 2009 to First Preferred Shareholders unless they terminate their participation in the Plan.
Participation in the Dividend Reinvestment and Share Purchase Plan
Registered holders wishing to join the Plan can obtain an enrollment form from the Bank's transfer agent, Computershare Trust Company of Canada, by calling 1-888-838-1407, by facsimile machine at 1-888-453-0330 or on the Bank’s Website (www.nbc.ca/investorsrelations). In order to participate in time for the August 1, 2009 dividend payment date, enrollment forms from registered holders must be received by Computershare Trust Company of Canada, 100 University Avenue, Toronto, Ontario M5J 2Y1 before the close of business on Friday, June 19, 2009.
Participants 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.
About National Bank of Canada
National Bank of Canada, which is celebrating its 150th anniversary in 2009, is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has close to $138 billion in assets and, together with its subsidiaries, employs 17,343 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Senior Manager, Public Relations
National Bank Financial Group