Canadian Western Bank's (the “Bank”) Dividend Reinvestment Plan (the “Plan”) provides holders of the Bank’s common shares and holders of any other class of shares deemed eligible by the Bank’s Board of Directors (together being “Eligible Shares”), with the opportunity to direct cash dividends paid on any class of their Eligible Shares toward the purchase of additional common shares. Currently, the Board has deemed that holders of the Bank’s Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 5 are eligible to participate in the Plan.
Common shares are purchased by a Plan Agent who acts on behalf of holders who have elected to participate in the Plan. The Plan Agent purchases such common shares, as directed by the Bank, directly from the Bank or on the open market through the facilities of the Toronto Stock Exchange. Shares purchased by the Plan Agent from the Bank are purchased at the Average Market Price (as defined in Section 7(a) of the Plan), or at up to 5% discount on the Average Market Price. Common shares purchased by the Plan Agent in the open market are purchased at the Average Purchase Price (as defined in Section 7(b) of the Plan).
The Bank will indicate in its quarterly financial press releases whether Shares will be purchased from the Bank or purchased on the open market. If Shares are to be purchased from the Bank, the Bank will also indicate the applicable discount, if any.
The most recent press release issued by the Bank regarding the Plan is available in the news section.
The common shares and preferred shares of the Bank are listed on the Toronto Stock Exchange under the trading symbols CWB and CWB.PR.B, respectively.
Please consult the Dividend Reinvestment Plan for more information around the Plan. The enrolment form is available here.
For any questions regarding the Plan, please phone, write or e-mail the Plan Agent:
100 University Avenue, 8th Floor
Toronto, ON M5J 2Y1
Attention: Investor Relations
Alternatively, holders may consult Canadian Western Bank’s investor relations department:
Canadian Western Bank
Suite 3000, 10303 Jasper Avenue
Edmonton, AB T5J 3X6
Telephone: (780) 441-3770
Toll free: 1-800-836-1886
Fax: (780) 969-8326