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CWB declares dividends
Edmonton, May 29, 2019 - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per common share (TSX:CWB), payable on June 27, 2019 to shareholders of record on June 13, 2019. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and unchanged 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 July 31, 2019 to shareholders of record on July 24, 2019. CWB Financial Group Phone: 780-508-8229 Email: [email protected]
CWB announces results of conversion privilege of First Preferred Shares Series 5
Canadian Western Bank (“CWB”) (TSX: CWB) today announced that after having taken into account all election notices received by the April 15, 2019 deadline for conversion of its currently outstanding 5,000,000 non-cumulative 5-year rate reset First Preferred Shares Series 5 (the “Series 5 Preferred Shares”) (TSX: CWB.PR.B) into non-cumulative floating rate First Preferred Shares Series 6 of CWB (the “Series 6 Preferred Shares”), no Series 5 Preferred Shares will be converted into Series 6 Preferred Shares.
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