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Preferred Shares & Convertible Debentures

Canaccord Genuity Group (formerly Canaccord Financial) Series A preferred shares were listed on the TSX on June 23, 2011 under the symbol CF.PR.A

Canaccord Genuity Group (formerly Canaccord Financial) Series C preferred shares were listed on the TSX on April 10, 2012 under the symbol CF.PR.C

More information about Canaccord Genuity preferred shares can be found in the following materials:

Series A preferred shares

Series C preferred shares

Details of Canaccord Genuity Group Inc. Preferred Shares:

Series A preferred shares

Yield: Canaccord Genuity Group (formerly Canaccord Financial) Series A preferred shares pay fixed, cumulative, preferential cash dividends payable quarterly, yielding 4.028% per annum for the five-year period commencing October 1, 2021 and ending on and including September 30, 2026.*

Conversion Date: Following the initial period ending September 30, 2016, the dividend rate will be reset every five years at the rate equal to the 5-year Government of Canada bond yield plus 3.21%.

Conversion Option: On September 30, 2016 and on every September 30th every five years after, holders of Series A preferred shares will have the right, subject to the conversion restrictions outlined in the Short Form Prospectus, to convert any or all of their shares into an equal number of Cumulative Floating Rate First Preferred Series B shares.


Series B preferred shares

The holders of Series B preferred shares will be entitled to receive floating rate, cumulative, preferential dividends payable quarterly, at a rate equal to the three-month Government of Canada Treasury Bill yield plus 3.21%.


Series C preferred shares

Yield: Canaccord Genuity Group (formerly Canaccord Financial) Series C preferred shares pay fixed, cumulative, preferential cash dividends payable quarterly, yielding 5.75% annually for the initial period ending June 30, 2017 ("Initial Fixed Rate Period")*

Conversion Date: After the initial period ending June 30, 2017, the dividend rate will be reset every five years at the rate equal to the 5-year Government of Canada bond yield plus 4.03%.

Conversion Option: On September 30, 2017 and on every September 30th every five years after, holders of Series C preferred shares will have the right, at their option, to convert any or all of their shares into an equal number of Cumulative Floating Rate First Preferred Series D shares.


Series D preferred shares

The holders of Series D preferred shares will be entitled to receive floating rate, cumulative, preferential cash dividends payable quarterly, at a rate equal to the three-month Government of Canada Treasury Bill yield plus 4.03%.

Dividend Information

Series A Distribution rate

The dividend rate for the five-year period commencing on October 1, 2021 and ending on and including September 30, 2026 will be 4.028% per annum, being equal to the sum of the five year Government of Canada bond yield determined as of today, plus 3.21%, in accordance with the terms of the Series A Preferred Shares.

The distribution rate for each quarterly distribution after the Initial Fixed Rate Period will be reset every five years at the rate equal to the 5-year Government of Canada bond yield plus 3.21%


Series C Distribution rate

During the Initial Fixed Rate Period, cash dividends will be paid totaling an annual amount equal to $1.4375 per Series C Preferred Share.

The initial dividend, if declared, of $0.3190 per Series C Preferred Share was paid on July 3, 2012. On a quarterly basis during the Fixed Rate period, dividends of $0.359375 will be distributed on the dates provided below.

The distribution rate for each quarterly distribution after the Initial Fixed Rate Period will be reset every five years at the rate equal to the 5-year Government of Canada bond yield plus 4.03%


Dividend Payments

Quarterly distribution payments on preferred shares will be made on the following dates as and when declared by the Board of Directors of Canaccord Genuity Group Inc.:

  • March 31
  • June 30
  • September 30
  • December 31

Prospectus

Canaccord Genuity Group Inc. (formerly Canaccord Financial Inc.) share issues

Canaccord Genuity Group Inc.(formerly Canaccord Financial Inc.) issued 4,000,000 Series A preferred shares on June 23, 2011. The over-allotment option closed on July 7, 2011, resulting in an additional 540,000 Series A preferred shares being issued. Information about this share issuance can be found in the prospectus below:

Canaccord Genuity Group Inc. issued 4,000,000 Series C preferred shares on April 10, 2012. Information about this share issuance can be found in the prospectus below:

Convertible Debentures