TORONTO, Sept. 16, 2021 /CNW/ - Canaccord Genuity Group
Inc. (the "Company") (TSX: CF) (TSX: CF.PR.A) (TSX: CF.PR.C)
announced today that after having taken into account all election
notices received by the September 15,
2021 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 into Series B Preferred Shares.
There were 135,145 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 and the Series B Preferred Shares
have not been and will not be registered under the Securities
Act of 1933 (United States),
as amended (the "U.S. Securities Act") or the securities laws of
the United States. Accordingly,
the Series A Preferred Shares and the Series B 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 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, the 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 2022 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
wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of
Man and Australia. The Company's
international capital markets division operates in North America, UK & Europe, Asia,
Australia and the Middle East.
Canaccord Genuity Group Inc. is publicly traded under the symbol
CF on the TSX.
SOURCE Canaccord Genuity Group Inc.
