National Bank of Canada prices CAD 750 million preferred share private placement

• National Bank of Canada set a private placement of 750,000 Series 52 NVCC preferred shares for institutional investors.
• Deal priced at $1,000 per share for gross proceeds of $750 million.
• Fixed 6.57% annual dividend, paid semiannually, through Nov. 16, 2031.
• Dividend resets every five years at Canada five-year government bond yield plus 2.9%.
• Closing expected Sept. 22, 2026; proceeds to general funds for general banking purposes.

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