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Canaccord Genuity Group Inc. (TSX: CF, CF.PR.A, CF.PR.C) (the "Company") announced today its intention to redeem all of its outstanding Cumulative 5-Year Rate Reset First Preferred Shares, Series A of the Company (the "Series A Preferred Shares") on October 1, 2026 ("Redemption Date") by payment in cash at a redemption price equal to $25.00 per share ("Redemption Price"), for an aggregate amount payable to holders of $113.5 million (less any tax required to be deducted or withheld).
Formal notice will be delivered to the sole registered holder of the Series A Preferred Shares in accordance with the terms of the Series A Preferred Shares contained in the Company's articles. Non-registered holders of the Series A Preferred Shares should contact their broker or other intermediary for information regarding the redemption process for the Series A Preferred Shares in which they hold a beneficial interest. The Company's transfer agent for the Series A Preferred Shares is Computershare Investor Services Inc. ("Computershare"). Questions regarding the redemption process may be directed to Computershare at 1-800-564-6253 or by email to corporateactions@computershare.com.
As previously announced on August 6, 2026, the Company's Board of Directors declared a quarterly dividend of $0.25175 per Series A Preferred Share payable on October 1, 2026 to shareholders of record as of September 18, 2026. This dividend will be paid in the usual manner and will be the final dividend paid on the Series A Preferred Shares. Â
After the Series A Preferred Shares are redeemed, holders of Series A Preferred Shares will not be entitled to exercise any rights as holders other than to receive the Redemption Price and the Series A Preferred Shares will be delisted from and no longer trade on the Toronto Stock Exchange.
ABOUT Canaccord Genuity Group INC.
Through its principal subsidiaries, Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital markets division operates in North America, UK & Europe, Asia, and Australia.
Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX.
CAUTION REGARDING FORWARD-LOOKING STATEMENTSÂ
This press release may contain "forward-looking information" as defined under applicable securities laws ("forward-looking statements"). These statements relate to future events or future performance and reflect management's expectations, beliefs, plans, estimates, intentions and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts, the business and economic conditions and the Company's growth, results of operations, performance and business prospects and opportunities. Specifically, this press release contains forward-looking statements with respect to the Company and the Series A Preferred Shares, including but not limited to a future redemption and dividends and the funding of same. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management.
In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend", "could" or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements.
In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions; the dynamic nature of the financial services industry; and the risks and uncertainties discussed from time to time in the Company's interim condensed and annual consolidated financial statements, its annual report and its annual information form ("AIF") filed on www.sedarplus.ca as well as the factors discussed in the sections entitled "Risk Management" and "Risk Factors" in the AIF, which include market, liquidity, credit, operational, legal and regulatory risks.
Although the forward-looking statements contained in this press release are based upon assumptions that the Company believes are reasonable, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release and should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release. Except as may be required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether as a result of new information, further developments or otherwise.
FOR FURTHER INFORMATION:
Investor and media relations inquiries:
Christina Marinoff
SVP, Head of Investor Relations &
Global Corporate Communications
Phone: 416-687-5507, Email: cmarinoff@cgf.com
www.cgf.com/investor-relationsÂ
SOURCE Canaccord Genuity Group Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2026/24/c5117.html
