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CWB declares dividends
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share (TSX:CWB), payable on September 27, 2019 to shareholders of record on September 13, 2019. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and one cent, or 4%, from the prior quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on October 31, 2019 to shareholders of record on October 24, 2019.
CWB Wealth Management refiles select MRFPs
EDMONTON, Alberta, June 18, 2019 – CWB Wealth Management Ltd. (“CWBWM”), as manager of the funds set out below (the "Funds"), announced today that it has refiled the management reports of fund performance (“MRFPs”) for the year ended December 31, 2018 for the Funds to correct certain non-material errors in the performance data in the MRFPs resulting from an inadvertent error in the calculation of the Funds’ performance in 2016.
CWB’s bold new brand promise and visual identity reflect its bright future
CWB Financial Group’s journey to be a disruptive force in Canadian banking took another step forward today with the launch of a new brand positioning and visual identity. The bold, bright language and design reflects the financial institution’s position as a clear alternative for successful business owners across Canada.
CWB announces closing of subordinated debenture offering
EDMONTON, Alberta – Canadian Western Bank (“CWB”) (TSX: CWB) today announced that it has closed its domestic public offering of $250 million aggregate principal amount of 3.668% Series F Subordinated Debentures due June 11, 2029 (Non-Viability Contingent Capital (NVCC)) (the “Debentures”). The Debentures were sold through a syndicate of agents led by BMO Capital Markets and RBC Capital Markets. Net proceeds from the offering will be added to CWB’s general funds and utilized for general banking purposes, including future refinancing requirements.
CWB announces NVCC subordinated debenture offering
Canadian Western Bank (“CWB”) (TSX: CWB) today announced its intent to issue $250 million aggregate principal amount of 3.668% Series F Subordinated Debentures due June 11, 2029 (Non-Viability Contingent Capital (NVCC)) (the “Debentures”). The Debentures are to be sold through a syndicate of agents led by BMO Capital Markets and RBC Capital Markets. The expected closing date is on or about June 11, 2019.