Ex-Div Reminder for National Bank of Canada's Non-Cumulative Fixed Rate First Preferred Shares Series 16

On 10/8/14, National Bank of Canada's Non-Cumulative Fixed Rate First Preferred Shares Series 16 (Toronto: NA-PRL) will trade ex-dividend, for its quarterly dividend of $0.3031, payable on 11/17/14. As a percentage of NA.PRL's recent share price of $25.26, this dividend works out to approximately 1.20%, so look for shares of NA.PRL to trade 1.20% lower — all else being equal — when NA.PRL shares open for trading on 10/8/14. On an annualized basis, the current yield is approximately 4.80%.