Key Developments: Canaccord Financial Inc (CF.TO)
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Latest Key Developments (Source: Significant Developments)
Canaccord Financial Inc Declares Quarterly Dividend
Canaccord Financial Inc announced that Board of Directors approved a quarterly dividend of $0.05 per common share payable on June 10, 2013 with a record date of May 31, 2013 On May 21, 2013, the Board of Directors also approved a cash dividend of $0.34375 per Series A Preferred Share payable on July 2, 2013 with a record date of June 21, 2013, and approved a cash dividend of $0.359375 per Series C Preferred Share payable on July 2, 2013 and with a record date of June 21, 2013. Full Article
Canaccord Financial Inc Declares Quarterly Dividend
Canaccord Financial Inc announced that the Board of Directors approved a quarterly dividend of $0.05 per common share payable on March 15, 2013 with a record date of March 1, 2013. The Board of Directors also approved a cash dividend of $0.34375 per Series A Preferred Share payable on April 1, 2013 with a record date of March 15, 2013, and a cash dividend of $0.359375 per Series C Preferred Share payable on April 1, 2013 to Series C Preferred shareholders of record as at March 15, 2013. Full Article
Canaccord Financial Inc Declares Quarterly Dividend
Canaccord Financial Inc announced that the Board of Directors approved a quarterly dividend of $0.05 per common share payable on December 10, 2012 with a record date of November 30, 2012 On November 7, 2012, the Board of Directors also approved a cash dividend of $0.34375 per Series A Preferred Share payable on December 31, 2012 with a record date of December 14, 2012, and a cash dividend of $0.359375 per Series C Preferred Share payable on December 31, 2012 to Series C Preferred shareholders of record as at December 14, 2012 Full Article
Canaccord Financial Inc Completes Acquisition Of Eden Financial's Wealth Management Business
Canaccord Financial Inc announced that its acquisition of Eden Financial's wealth management business completed, following the approval by the UK's Financial Services Authority. Full Article
Canaccord Financial Inc Declares Quarterly Dividend
Canaccord Financial Inc announced that on August 8, 2012, the Board of Directors approved a quarterly dividend of $0.05 per common share payable on September 10, 2012 with a record date of August 24, 2012. On August 8, 2012, the Board of Directors also approved a cash dividend of $0.34375 per Series A Preferred Share payable on October 1, 2012 with a record date of September 14, 2012, and a cash dividend of $0.359375 per Series C Preferred Share payable on October 1, 2012 to Series C Preferred Shareholders of record as at September 14, 2012 Full Article
Canaccord Capital Inc. Completes $100 Million Offering Of Preferred Shares
Canaccord Capital Inc. announced the completion of its previously announced offering of 4,000,000 Cumulative five Year Rate Reset First Preferred Shares, Series C at a purchase price of CAD25.00 per Series C Preferred Share, for aggregate gross proceeds of CAD100 million. The Series C Preferred Shares are expected to commence trading on the Toronto Stock Exchange on April 10, 2012 under the trading symbol CF.PR.C. The offering was underwritten on a bought deal basis by a syndicate of underwriters led by CIBC, Canaccord Genuity Corp. and RBC Capital Markets, and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Cormark Securities Inc., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated. Canaccord has granted the underwriters an over-allotment option, exercisable, in whole or in part, for a period of 30 days following closing, to purchase up to an additional 600,000 Series C Preferred Shares which, if exercised in full, would increase the gross proceeds of the offering to CAD115 million. The net proceeds of the offering will be used to reduce outstanding borrowings under the CAD150 million senior secured credit facility entered into by the Company, as borrower, and provided by Canadian Imperial Bank of Commerce, as lender. Full Article
Canaccord Capital Inc To Issue $100 million Of Preferred Shares
Canaccord Capital Inc announced that it has agreed to issue 4,000,000 Cumulative Five Year Rate Reset First Preferred Shares, Series C to a syndicate of underwriters led by CIBC, Canaccord Genuity Corp. and RBC Capital Markets for distribution to the public. The Series C Preferred Shares will be issued at a price of $25.00 per share for aggregate gross proceeds of $100 million. Holders of the Series C Preferred Shares will be entitled to receive fixed, cumulative, preferential dividends payable quarterly, if, as and when declared by the board of directors of Canaccord. Canaccord has also granted the underwriters an option to purchase up to an additional 600,000 Series C Preferred Shares, on the same terms and conditions as the offering, exercisable in whole or in part, for a period of 30 days from the closing date of the offering. If this option is exercised in full, the total gross proceeds to Canaccord will be $115 million. The net proceeds of the offering will be used to reduce outstanding borrowings under the $150 million senior secured credit facility entered into by the Company, as borrower, and provided by Canadian Imperial Bank of Commerce, as lender. The Acquisition Credit Facility was entered in order to fund a portion of the cash consideration for the Company's previously announced acquisition of Collins Stewart Hawkpoint plc, which closed on March 21, 2012. The offering is expected to close on or about April 10, 2012. Full Article
Canaccord Capital Inc. Declares Quarterly Dividend
Canaccord Capital Inc. announced that the Board of Directors approved a quarterly dividend of $0.10 per common share payable on March 15, 2012 with a record date of March 2, 2012. The Company also announced that the Board of Directors also approved a cash dividend of $0.34375 per Series A Preferred Share payable on April 2, 2012 with a record date of March 16, 2012. Full Article
Canaccord Financial Inc. Offers To Acquire Collins Stewart Hawkpoint PLC
Canaccord Financial Inc. announced that it has made a formal offer to acquire 100% of the equity of Collins Stewart Hawkpoint plc for a price of GBP0.96 per CSHP-LN common share. It is intended that the acquisition will be implemented by way of a court sanctioned scheme of arrangement under the UK Companies Act, which requires approval from Collins Stewart Hawkpoint shareholders. The transaction is expected to close in the calendar first quarter of 2012. Full Article
Canaccord Capital Inc. Declares Quarterly Dividend
Canaccord Capital Inc. announced that the Board of Directors approved a quarterly dividend of $0.10 per common share payable on December 15, 2011 with a record date of December 2, 2011 The Company also declared a cash dividend of $0.34375 per Series A Preferred Share payable on January 3, 2012 with a record date of December 16, 2011 Full Article
UPDATE 1-Canaccord profit rises on fees, sees more UK growth
TORONTO, Feb 6 - Canaccord Financial reported a stronger third-quarter profit on Thursday as record advisory fees drove a 56 percent jump in revenue, and the company's CEO pledged to continue to expand its presence in the United Kingdom.
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