NAB Convertible Preference Shares (NAB CPS) were fully paid preference shares issued directly by NAB, and were listed on the ASX under code NABPA. The issue price for NAB CPS was $100 per NAB CPS. They were not guaranteed or secured, and were not a deposit account or any other account with NAB.
On Wednesday 20 March 2019, all CPS were mandatorily purchased for $100 per CPS and a final dividend of $1.2976 per CPS was paid to CPS holders on the record date for the final dividend, meaning that CPS holders received a cash payment of $0.9083 per CPS.
A general outline of the taxation implications for certain holders of CPS who are Australian residents for tax purposes can be found in the Australian Taxation Summary in Section Eight, subsection 5 of the NAB Capital Notes 3 Prospectus. The taxation implications of your investment in NAB CPS depend on your individual circumstances.
For more information on the NAB CPS please refer to: