PWC.PR.B May Get Bigger

Pacific & Western Bank has announced:

that it plans to raise up to $15 million in Canada through the issuance of additional Class B preferred shares, common shares, or a combination of both, by way of short form prospectus (the “Offering”).

Byron Securities Limited (“Byron”) will be the lead manager for the Offering and will be responsible for creating a selling group for this issue. A decision as to what securities to offer under the prospectus will be decided by PWC prior to filing the preliminary prospectus based on market demand and through discussions with Byron.

The Offering will be conducted in each province and territory of Canada (other than Quebec) and is subject to all necessary regulatory approval.

PWC’s Class B Preferred shares trade on the TSX under the symbol PWC.PR.B and its common shares trade on the TSX under the symbol PWC.

PWC.PR.B was last mentioned on PrefBlog when a tranche was issued in January. PWC.PR.B is not tracked by HIMIPref™.

Leave a Reply

You must be logged in to post a comment.