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National Bank of Canada completes a $170 million public offering of 6,800,000 First Preferred Shares

Date Closed

January 14, 2009

Lead Office

Montréal

Value

170.00 Million CAD

On January 14, 2009, National Bank of Canada completed a public offering in Canada of $170 million of Non-cumulative 5-Year Rate Reset First Preferred Shares Series 24. The net proceeds of the offering qualify as Tier 1 capital for the Bank.

McCarthy Tétrault advised National Bank with a team that was led by Frederic Cotnoir.

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