National Bank of Canada plans to redeem series 24, 26 preferred shares

By Tali David

Minneapolis, Dec. 4 - The National Bank of Canada plans to redeem all of its series 24 and series 26 noncumulative five-year rate reset first preferred shares, according to a press release.

The preferreds will be redeemed at par of C$25 per share plus dividends on 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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