Pacific & Western Bank of Canada to Pay Quarterly Dividends on Series 1 & Series 3 Preferred Shares

LONDON, Ontario--()--Pacific & Western Bank of Canada (TSX:PWB) today announced that its Board of Directors have declared quarterly cash dividends on its 7.0% Series 1 Preferred Shares (TSX:PWB.PR.A) and 7.0% Series 3 Preferred Shares (TSX:PWB.PR.B).

The Series 1 Preferred Share dividend of $0.175 per Series 1 Preferred Share is payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of January 31, 2016 to shareholders of record at the close of business on January 7, 2016.

The Series 3 Preferred Share dividend of $0.175 per Series 3 Preferred Share is payable, subject to the approval of the Toronto Stock Exchange (“TSX”), as of January 31, 2016 to shareholders of record at the close of business on January 7, 2016.

The dividends to which this notice relates are eligible dividends for tax purposes.

About Pacific & Western Bank of Canada

The Bank, a highly technologically proficient Canadian Schedule I chartered bank, operates using an “electronic branchless model”. It sources deposits, consumer loans, commercial loans and leases electronically. The Bank also makes residential development and commercial mortgages it sources through a well-established network of brokers and direct contact with its lending staff.

Pacific & Western Bank of Canada’s Common Shares trade on Toronto Stock Exchange under the symbol PWB.

Visit our website at: http://www.pwbank.com

Contacts

Pacific & Western Bank of Canada
Investor Relations
Wade MacBain, 800-244-1509
Director
wadem@pwbank.com
or
Public Relations & Media
Tel Matrundola, 416-203-0882
Vice-President
telm@pwbank.com

Release Summary

PACIFIC & WESTERN BANK OF CANADA TO PAY QUARTERLY DIVIDENDS ON SERIES 1 & SERIES 3 PREFERRED SHARES

Contacts

Pacific & Western Bank of Canada
Investor Relations
Wade MacBain, 800-244-1509
Director
wadem@pwbank.com
or
Public Relations & Media
Tel Matrundola, 416-203-0882
Vice-President
telm@pwbank.com