TORONTO, Oct. 2, 2024
/CNW/ - EQB Inc. (TSX: EQB) announces it redeemed all of its
2,911,800 issued and outstanding Non-Cumulative 5-Year Rate Reset
Preferred Shares, Series 3 (the "Series 3 Preferred Shares") on
September 30, 2024 (the "Redemption
Date"), at $25.00 per share for a
total of $72,795,000.
The Series 3 Preferred Shares bearing the symbol EQB.PR.C were
de-listed from the Toronto Stock Exchange as at the close of
trading on the Redemption Date.
About EQB Inc.
EQB Inc. (TSX: EQB) 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.
To learn more, please
visit eqb.investorroom.com or connect with us
on LinkedIn.
Investor contact:
Mike Rizvanovic
Managing Director, Investor Relations
investor_enquiry@eqb.com
Media contact:
Maggie Hall
Director, PR & Communications
maggie.hall@eqb.com
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SOURCE EQB Inc.
