{"id":14876,"date":"2011-04-27T11:34:42","date_gmt":"2011-04-27T15:34:42","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=14876"},"modified":"2011-04-27T11:34:42","modified_gmt":"2011-04-27T15:34:42","slug":"na-announces-results-of-extended-issuer-bid","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=14876","title":{"rendered":"NA Announces Results of Extended Issuer Bid"},"content":{"rendered":"<p>National Bank <a href=\"http:\/\/www.nbc.ca\/bnc\/cda\/newsdetail\/0,2714,articleCode-16654_divId-2_langId-1_navCode-6100_viewFilter-2011,00.html\">has announced<\/a>:<\/p>\n<blockquote><p> the expiry of the Bank\u2019s offers to purchase (the \u201cOffers\u201d) all of the issued and outstanding Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 21 (the \u201cPreferred Shares Series 21\u201d), all of the issued and outstanding Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 24 (the \u201cPreferred Shares Series 24\u201d), and all of the issued and outstanding Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 26 (the \u201cPreferred Shares Series 26\u201d, and together with the Preferred Shares Series 21 and the Preferred Shares Series 24, the \u201cPreferred Shares\u201d).<\/p>\n<p>The Bank announced that all of the Preferred Shares validly deposited under the Offers and not withdrawn as of April 26, 2011 have been taken up and accepted for payment by the Bank. As a result, the Bank has taken up a total of 4,639,139 Preferred Shares Series 21, 4,374,120 Preferred Shares Series 24 and 4,075,165 Preferred Shares Series 26 under the Offers for an aggregate consideration of $361,208,775.14.<\/p>\n<p>The Preferred Shares taken up under the Offers represent approximately (i) 57.63% of the outstanding Preferred Shares Series 21, (ii) 64.33% of the outstanding Preferred Shares Series 24, and (iii) 70.26% of the outstanding Preferred Shares Series 26.<\/p><\/blockquote>\n<p>The extension of the offer was <a href=\"http:\/\/www.prefblog.com\/?p=14735\">reported on PrefBlog<\/a> on April 12.<\/p>\n<p>Series 21 is NA.PR.N; series 24 is NA.PR.O; and series 26 is NA.PR.P.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Bank has announced: the expiry of the Bank\u2019s offers to purchase (the \u201cOffers\u201d) all of the issued and outstanding Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 21 (the \u201cPreferred Shares Series 21\u201d), all &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-14876","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14876"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14876\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}