National Bank of Canada calls all series 15 non-cumulative preferreds

By Ashley Montgomery

Kansas City, Kan., Dec. 6 - National Bank of Canada plans to redeem all of its series 15 non-cumulative fixed-rate preferred shares, according to a news release.

The preferreds will be redeemed on Jan. 15, 2013 at par of C$25 per share plus dividends.

The company said it also declared a dividend of C$0.24442 per share for the period from Nov. 15 to Jan. 15 because the normal quarterly dividend would have been Feb. 15.

The redemption is subject to approval from the Office of the Superintendent of Financial Institutions.

The bank is based in Montreal.

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