Ms. Christina Marinoff reports
CANACCORD GENUITY GROUP INC. ANNOUNCES CONVERSION RESULTS FOR ITS CUMULATIVE 5-YEAR RATE RESET FIRST PREFERRED SHARES, SERIES A
After having taken into account all election notices received by the Sept. 15, 2016, conversion deadline in respect of the cumulative five-year rate-reset first preferred shares, Series A, tendered for conversion into cumulative floating-rate first preferred shares, Series B, the holders of the Series A preferred shares are not entitled to convert their shares. There were 761,594 Series A preferred shares tendered for conversion, which are fewer than the one million shares required for the ability to proceed with the conversion into Series B preferred shares, in accordance with the terms of the Series A preferred shares.
There are currently 4.54 million Series A preferred shares listed on the Toronto Stock Exchange under the symbol CF.PR.A.
We seek Safe Harbor.
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