TORONTO, Sept. 12,
2024 /CNW/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C)
("EQB" or the "Company") announced today an update to its press
release entitled "EQB announces 4% q/q and 24% y/y dividend
increase bolstered by record Q3 adjusted revenue and earnings with
ROE continuing ahead of 15%+ target" which was issued on
August 28, 2024 (the "Initial Press
Release").
The Initial Press Release stated that the distribution of
dividends for EQB's common shares and its Non-Cumulative 5-Year
Rate Reset Preferred Shares, Series 3 (the "Series 3 Preferred
Shares") would be paid September 30,
2024, which is a statutory holiday being Canada's National Day for Truth and
Reconciliation (the "Original Payment Date"). As such the Original
Payment Date has been updated and will be September 27, 2024. The record date of
September 13, 2024, and the dividend
amount per share for both the common shares and the Series 3
Preferred Shares remain unchanged.
As announced in the Initial Press Release, EQB will redeem all
outstanding Series 3 Preferred Shares on September 30, 2024. The redemption price will be
paid on or before October 1, 2024,
being the first banking day following the redemption date.
Beneficial holders of Series 3 Preferred Shares should contact the
financial institution, broker or other intermediary through which
they hold these shares to confirm how they will receive their
redemption proceeds.
This press release should be read in conjunction with the
Initial Press Release. These corrections do not change any other
information reported in the Initial Press Release.
About EQB Inc.
EQB Inc. (TSX: EQB and EQB.PR.C) is a leading digital financial
services company with $125 billion in
combined assets under management and administration (as at
July 31, 2024). It offers banking
services through Equitable Bank, a wholly owned subsidiary and
Canada's seventh largest bank by
assets, and wealth management through ACM Advisors, a majority
owned subsidiary specializing in alternative assets. As
Canada's Challenger Bank™,
Equitable Bank has a clear mission to drive change in Canadian
banking to enrich people's lives. It leverages technology to
deliver exceptional personal and commercial banking experiences and
services to over 670,000 customers and more than six million credit
union members through its businesses. Through its digital EQ Bank
platform (eqbank.ca), its customers have named it one of
Canada's top banks on the Forbes
World's Best Banks list since 2021.
Please visit eqb.investorroom.com for more details.
Forward-Looking Information
This news release may contain forward-looking statements that
reflect EQB Inc.'s current expectations about its future
performance and capabilities. These statements are made based on
assumptions and estimates and are subject to risks and
uncertainties. Actual future results could differ materially from
those currently anticipated. The statements are not guarantees of
future performance. EQB does not undertake any obligation to update
or publicly revise any forward-looking statements, whether as a
result of new information, future events, or otherwise, except to
the extent required under applicable securities laws.
Investor contact:
Mike Rizvanovic
Managing Director, Investor Relations
investor_enquiry@eqb.com
Media contact:
Maggie Hall
Director, PR & Communications
maggie.hall@eqbank.ca
437-214-2442
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SOURCE EQB Inc.
