Ms. Christina Marinoff reports

CANACCORD GENUITY GROUP INC. ANNOUNCES CONVERSION RESULTS FOR ITS CUMULATIVE 5-YEAR RATE RESET FIRST PREFERRED SHARES, SERIES C

Canaccord Genuity Group Inc. has decided that, after having taken into account all election notices received by the June 15, 2017, conversion deadline in respect of the cumulative five-year rate reset first preferred shares, Series C tendered for conversion into cumulative floating rate first preferred shares, Series D, the holders of the Series C preferred shares are not entitled to convert their shares. There were 136,467 Series C preferred shares tendered for conversion, which is less than the one million shares required for the ability to proceed with the conversion into Series D preferred shares, in accordance with the terms of the Series C preferred shares.

As outlined in a press release on June 1, 2017, holders of Series C preferred shares will be entitled to receive quarterly fixed, cumulative, preferential cash dividends, if, as and when declared by the board of directors of the company, subject to the provisions of the Business Corporations Act (British Columbia). The dividend rate for the five-year period commencing on July 1, 2017, and ending on and including June 30, 2022, will be 4.993 per cent per annum, being equal to the sum of the five-year government of Canada bond yield determined as of June 1, plus 4.03 per cent, in accordance with the terms of the Series C preferred shares. This new dividend rate is expected to deliver approximately $750,000 in annual savings for common shareholders.

There are currently four million Series C preferred shares listed on the Toronto Stock Exchange under the symbol CF.PR.C.

About Canaccord Genuity Group Inc.

Through its principal subsidiaries, Canaccord Genuity Group is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.

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