The Toronto Stock Exchange reports that the security provisions for Canaccord Genuity Group Inc.'s cumulative five-year rate reset first preferred shares, Series C, have been amended. According to the TSX, an insufficient number of the Series C preferred shares were tendered for conversion into cumulative floating rate first preferred shares, Series D. As a result, no Series C preferred shares will be converted into Series D preferred shares, and the Series C preferred shares will continue trading on the TSX.

The TSX reports that the holders of the Series C preferred shares will be entitled to receive quarterly fixed cumulative preferential cash dividends, if declared by the board. The dividend rate for the five-year period from July 1, 2017, to June 30, 2022, will be 4.993 per cent per year, being equal to the sum of the five-year government of Canada bond yield determined as of June 1, 2017, plus 4.03 per cent in accordance with the terms of the Series C preferred shares.

For more information, see the company's news release dated June 16, 2017.