NA.PR.O Removed from TXPR

Standard & Poor’s has announced:

The 5-Year rate reset 1st Preferred shares, Series 24, of National Bank of Canada (TSX:NA.PR.O) are the subject of a $C28.03 cash per share offer and will be removed from the S&P/TSX North American Preferred Stock Index and the S&P/TSX Preferred Share Index after the close of Monday, April 11, 2011.

The Issuer Bid has been reported on PrefBlog. NA.PR.O closed today at 28.72-90, 26×2, after trading 13,787 shares in a range of 27.70-90. Trades executed today for normal settlement will settle after the tender date – I don’t know how active the Special Terms market was.

The other two issues, NA.PR.P and NA.PR.N are not constituents of the TXPR index.

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