National Bank of Canada plans to redeem series 21 preferred shares

By Jennifer Chiou

New York, May 24 - National Bank of Canada announced plans to redeem all of its series 21 non-cumulative fixed-rate preferred shares.

The five-year preferreds will be redeemed at par of C$25 per share plus dividends on Aug. 16.

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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