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CWB Financial Group donates $20,000 to BC fire relief effortsCWB Financial Group (CWB) will make a $20,000 donation to the United Way British Columbia - United for BC Wildfire Recovery Fund.
CWB takes steps toward reconciliation with Indigenous Peoples in CanadaThe legacy of colonialism in Canada continues to reveal appalling evidence of how Indigenous Peoples have been subjected to unfathomable treatment, trauma and pain. At CWB, we stand in support of any individuals impacted, and we offer open hearts as we take early and concrete steps towards reconciliation with Indigenous peoples.
CWB confirms upcoming redemption of NVCC Series 7 Preferred SharesCanadian Western Bank (“CWB”) (TSX: CWB) today confirmed that it will redeem all of its outstanding 5,600,000 Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 7 (Non-Viability Contingent Capital (NVCC)) (the “Series 7 Preferred Shares”) for cash on July 31, 2021. The Series 7 Preferred Shares (TSX: CWB.PR.C) are redeemable at CWB’s option on July 31, 2021 at a redemption price per Series 7 Preferred Share equal to $25.00 for an aggregate total of $140 million. Formal notice will be delivered to holders of Series 7 Preferred Shares in accordance with the terms outlined in the share provisions for the Series 7 Preferred Shares.
CWB establishes an at-the-market equity program to support higher levels of accretive loan growthCanadian Western Bank (“CWB”) (TSX: CWB) today announced that it has established an at-the-market equity program (the “ATM Program”) that allows CWB to issue up to $150 million worth of common shares from treasury (“Common Shares”) to the public from time to time at the prevailing market price through the Toronto Stock Exchange or any other marketplace on which the Common Shares are listed, quoted or otherwise traded. The volume and timing of distributions under the ATM Program, if any, will be determined at CWB’s sole discretion.