Pacific & Western Bank of Canada (the " Bank ") (TSX:PWB)
is pleased to announce the agents have exercised their over-allotment
option and the completion of the offering (the “ Offering ”) of
non-cumulative 6-year rate reset preferred shares, series 3
(Non-Viability Contingent Capital (NVCC)) (the " Series 3
Preferred Shares ") in the capital of the Bank at a price of $10.00
per share (the " Offering Price ").
A total of 1,681,320 Series 3 Preferred Shares were sold at the Offering
Price, for aggregate gross proceeds of $16,813,200.00. The Agents (as
defined below) have exercised the Over-Allotment Option (as defined
below) to sell 181,320 of the aforementioned Series 3 Preferred Shares.
for Pacific & Western Bank of Canada Announces the Exercising of the Over-Allotment and Successful Closing of Preferred Share Offering investment picks