EQB Inc. has announced an adjustment to the dividend payment schedule for its common shares and Series 3 Preferred Shares. Initially set for September 30, 2024, the new payment date is now September 27, 2024. This change is due to September 30th being a statutory holiday in Canada, marking the National Day for Truth and Reconciliation.
The record date, which is the date on which shareholders must own the shares to be eligible for the dividend, remains September 13, 2024. The dividend amount per share for both common shares and Series 3 Preferred Shares will also remain as previously communicated.
As previously announced, 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, the first banking day following the redemption date. Holders of Series 3 Preferred Shares should contact their financial institution, broker, or intermediary to clarify how they will receive their redemption proceeds.
This announcement should be read in conjunction with the initial press release issued on August 28, 2024. All other information contained within the initial press release remains unchanged.
EQB Inc. is a leading digital financial services company with $125 billion in combined assets under management and administration as of July 31, 2024. The company offers banking services through Equitable Bank, its wholly owned subsidiary and Canada’s seventh largest bank by assets. EQB also offers wealth management through ACM Advisors, a majority-owned subsidiary specializing in alternative assets.
Equitable Bank, known as Canada’s Challenger BankTM, is committed to driving change in Canadian banking to enhance people’s lives. The bank 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), the bank has been recognized as one of Canada’s top banks on the Forbes World’s Best Banks list since 2021.
For more details, please visit eqb.investorroom.com.
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 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
