Press Releases

National Bank of Canada announces increase to preferred share issue

Montreal, 30 September 2014 -

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 32, the size of the offering has been increased to 12 million shares. The gross proceeds of the offering will now be $300 million. The offering will be underwritten by a syndicate led by National Bank Financial Inc. The expected closing date is October 9, 2014.

The net proceeds of the offering will be used for general corporate purposes and are expected to qualify as Tier 1 capital for National Bank.

About National Bank of Canada
With $199 billion in assets as at July 31, 2014, National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada’s leading integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

Information (The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.):

Claude Breton                                                                                  
Vice-President, Public Affairs and Investor Relations                              
National Bank of Canada                                                               
Tel.: 514-394-8644                                           

Hélène Baril
Senior Director, Investor Relations
National Bank of Canada
Tel.: 514-394-0296