EDMONTON, AB, April 15, 2024 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced that after having taken into account all election notices received by the April 15, 2024 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. There were 74,617 Series 5 Preferred Shares elected for conversion, which is less than the minimum 500,000 shares required to give effect to conversion into Series 6 Preferred Shares.
Read more at newswire.caCWB announces results of conversion privilege of First Preferred Shares Series 5 and Series 9
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