National Bank of Canada ("National Bank" or the "Bank") announced today the closing of its previously announced offering of $750 million of Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series 52 (Non-Viability Contingent Capital (NVCC)) (the "Series 52 Preferred Shares").
The Series 52 Preferred Shares were offered by a group of agents led by National Bank Financial Inc.
The Series 52 Preferred Shares were issued under a prospectus supplement dated September 15, 2026 to National Bank's short form base shelf prospectus dated September 2, 2026.
The Series 52 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.