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Canaccord Genuity Group Inc
Symbol CF
Shares Issued 113,551,789
Close 2018-08-20 C$ 7.10
Recent Sedar Documents

Canaccord Genuity to list 6.25% debentures on TSX

2018-08-20 20:31 ET - Prospectus Approved

The Toronto Stock Exchange reports that Canaccord Genuity Group Inc.'s 6.25 per cent convertible unsecured senior subordinated debentures will be listed at 5:01 p.m. on Aug. 21, 2018, for trading at the open on Aug. 22, 2018. According to the TSX, the debentures will trade under the symbol CF.DB.A and Cusip No. 134801 AB 5.

As stated in its short form prospectus dated Aug. 14, 2018, the company will issue $51.5-million of debentures in a public offering and $73.5-million of debentures in a concurrent private placement in the minimum principal amount of $1,000 each. It expects to close the financings before the open on Aug. 22, 2018.

According to the TSX, the debentures will mature on Dec. 31, 2023, and will bear interest at 6.25 per cent per year, payable semi-annually in arrears on June 30 and Dec. 31 in each year. Assuming the offering closes on Aug. 22, 2018, an initial interest payment of $22.43 per $1,000 principal amount will be made on Dec. 31, 2018.

The TSX notes that the holders of the debentures may, at any time before the close of business on the earlier of the business day immediately preceding the maturity date or the business day immediately preceding the redemption date, if a redemption is called, convert their debentures into shares of the company at $10 per share. This conversion price represents a conversion rate of 100 shares per $1,000 principal amount of debentures.

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