/Not for distribution to U.S. news wire
services or for dissemination in the
United States/
EDMONTON, AB, Jan. 16,
2025 /CNW/ - Canadian Western Bank (TSX: CWB)
("CWB") today announced that it has determined to terminate
its dividend reinvestment plan (the "DRIP") effective
immediately, pursuant to and in accordance with the terms of the
DRIP, in connection with the previously announced proposed
acquisition (the "Transaction") of CWB by National Bank of
Canada. The plan agent under the
DRIP, Computershare Trust Company of Canada, will send to each participant (or to
his or her nominee, as applicable) a DRS Advice for whole CWB
common shares held for such participant's account under the DRIP
and a cheque in payment for any remaining fractions of CWB common
shares in such participant's account. All whole CWB common shares
held on behalf of participants under the DRIP will be entitled to
NBC common shares in accordance with the Transaction exchange ratio
upon closing of the Transaction. Participants who submit a valid
letter of transmittal to Computershare Investor Services Inc. for
their CWB common shares will also receive any NBC common shares
they are entitled to in connection with their CWB common shares
held under the DRIP. Participants seeking further information with
respect to their entitlements under the DRIP may contact the plan
agent under the DRIP, Computershare Trust Company of Canada (1-800-564-6253).
About CWB
CWB is the only full-service bank in Canada with a strategic focus to meet the
unique financial needs of businesses and their owners. CWB provides
its nationwide clients with full-service business and personal
banking, specialized financing, comprehensive wealth management
offerings, and trust services. Clients choose CWB for a
differentiated level of service through specialized expertise,
customized solutions, and faster response times relative to the
competition. CWB people take the time to understand its clients and
their business, and work as a united team to provide holistic
solutions and advice.
As a public company on the TSX, CWB trades under the symbols
"CWB" (common shares), "CWB.PR.B" (Series 5 preferred shares) and
"CWB.PR.D" (Series 9 preferred shares). CWB is firmly committed to
the responsible creation of value for all its stakeholders and its
approach to sustainability will support its continued success.
Learn more at www.cwb.com.
SOURCE Canadian Western Bank
