Canadian Western Bank Announces the Termination of its Dividend Reinvestment Plan

CWB Financial Group's Logo features a marigold maple leaf above a teal W, with CWB Financial Group below it in teal. (CNW Group/Canadian Western Bank)

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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

Information: Chris Williams, Assistant Vice President, Investor Relations, Canadian Western Bank, 780-508-8229, [email protected]