TORONTO, Sept. 16, 2016 /CNW/ - Canaccord Genuity Group
Inc. (the "Company") (TSX:CF, CF.PR.A, CF.PR.C) announced today
that after having taken into account all election notices received
by the September 15, 2016 conversion
deadline in respect of the Cumulative 5-Year Rate Reset First
Preferred Shares, Series A (the "Series A Preferred Shares")
tendered for conversion into Cumulative Floating Rate First
Preferred Shares, Series B (the "Series B Preferred Shares"), 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 is less than the 1,000,000
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 4,540,000 Series A Preferred Shares listed
on the Toronto Stock Exchange under the symbol CF.PR.A.
The Series A Preferred Shares have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"U.S. Securities Act") or the securities laws of the United States. Accordingly, the Series A
Preferred Shares may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons, except pursuant to transactions exempt
from registration under the U.S. Securities Act or under the
securities laws of the applicable state. This press release does
not constitute an offer to sell or a solicitation of an offer to
buy any security.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking information" as
defined under applicable securities laws ("forward-looking
statements"). These forward-looking statements relate to future
events or future performance and reflect management's expectations,
beliefs, plans, estimates, intentions and similar statements
concerning anticipated future events, results, circumstances,
performance or expectations that are not historical facts,
including business and economic conditions and Canaccord Genuity
Group's growth, results of operations, performance and business
prospects and opportunities. Specifically, this press release
contains forward-looking statements with respect to the Company,
the Series A Preferred Shares and the Series B Preferred Shares.
Such forward-looking statements reflect management's current
beliefs and are based on information currently available to
management. In some cases, forward-looking statements can be
identified by terminology such as "may", "will", "should",
"expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", "target", "intend", "could" or the
negative of these terms or other comparable terminology. By their
very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and a number of factors
could cause actual events or results to differ materially from the
results discussed in the forward-looking statements. In evaluating
these statements, readers should specifically consider various
factors that may cause actual results to differ materially from any
forward-looking statement. These factors include, but are not
limited to, market and general economic conditions, the nature of
the financial services industry and the risks and uncertainties
discussed from time to time in the Company's interim condensed and
annual consolidated financial statements, its annual report and its
annual information form ("AIF") filed on www.sedar.com as well as
the factors discussed in the sections entitled "Risk Management"
and "Risk Factors" in the AIF, which include market, liquidity,
credit, operational, legal and regulatory risks. Material factors
or assumptions that were used by the Company to develop the
forward-looking statements contained in this press release include,
but are not limited to, those set out in the Fiscal 2017 Outlook
section in the annual MD&A and those discussed from time to
time in the Company's interim condensed and annual consolidated
financial statements, its annual report and the AIF filed on
www.sedar.com. The preceding list is not exhaustive of all possible
risk factors that may influence actual results. Readers are
cautioned that the preceding list of material factors or
assumptions is not exhaustive.
Although the forward-looking statements contained in this press
release are based upon what management believes are reasonable
assumptions, there can be no assurance that actual results will be
consistent with these forward-looking statements. The
forward-looking statements contained in this press release are made
as of the date of this press release and should not be relied upon
as representing the Company's views as of any date subsequent to
the date of this press release. Except as may be required by
applicable law, the Company does not undertake, and specifically
disclaims, any obligation to update or revise any forward-looking
statements, whether as a result of new information, further
developments or otherwise.
ABOUT CANACCORD GENUITY GROUP INC.:
Through its principal subsidiaries, Canaccord Genuity Group Inc.
(the "Company") is a leading independent, full-service financial
services firm, with operations in two principal segments of the
securities industry: wealth management and capital markets. Since
its establishment in 1950, the Company has been driven by an
unwavering commitment to building lasting client relationships. We
achieve this by generating value for our individual, institutional
and corporate clients through comprehensive investment solutions,
brokerage services and investment banking services. The Company has
offices in 10 countries worldwide, including Wealth Management
offices located in Canada, the UK,
Guernsey, Jersey, the Isle of Man and Australia. Canaccord Genuity, the
international capital markets division, operates in Canada, the US, the UK, France, Ireland, Hong Kong,
China, Australia and
Dubai. To us there are no foreign
markets.TM
Canaccord Genuity Group Inc. is publicly traded under the symbol
CF on the TSX.
SOURCE Canaccord Genuity Group Inc.